Forex

Rupee firms up at 71.71 vs dollar

PTI Mumbai | Updated on November 22, 2019 Published on November 22, 2019

Representative image   -  istock.com/grandeduc

The rupee furthered its gains by 5 paise to close at 71.71 against the dollar on Friday, helped by sustained foreign fund inflows and lower crude oil prices.

Starting on a steady note, the rupee went through bouts of volatility during the session and touched an intra-day low of 71.87 against the US dollar. The domestic unit found some stability later and finally settled at 71.71, up 5 paise over its previous close.

On a weekly basis, the currency gained 7 paise. Experts attributed the initial bouts of volatility to lack of guiding factors on the domestic front.

 

Published on November 22, 2019
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