Forex

Rupee rises 16 paise to 75.02 against US dollar

PTI Mumbai | Updated on July 17, 2020 Published on July 17, 2020

The rupee appreciated by 16 paise to close at 75.02 against the US dollar on Friday, tracking gains in domestic equities and lower crude oil prices.

On weekly basis, the domestic currency logged 18 paise gains over the American unit.

At the interbank forex market, the domestic unit opened on a weak note but soon recouped the losses and finally settled for the day at 75.02 against the US dollar, gaining 16 paise over its previous close.

During the session, the rupee witnessed an intra-day high of 74.98 and a low of 75.25 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.29 per cent to 96.06.

It had settled at 75.18 against the US dollar on Thursday.

Forex traders said a gains in domestic equities and weak American currency supported the rupee..

 

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Published on July 17, 2020
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