Forex

Rupee slips 3 paise to close at 74.90

PTI Mumbai | Updated on October 22, 2021

Muted trend in domestic equities and firm crude oil prices weigh on the sentiment

The rupee weakened by 3 paise to end at 74.90 against the US currency on Friday, weighed down by a muted trend in domestic equities and firm crude oil prices.

At the interbank foreign exchange market, the local currency opened at 74.82 and witnessed an intra-day high of 74.69 and a low of 74.94 against the US dollar in the day trade.

The local unit finally settled at 74.90 a dollar, down 3 paise over its previous close.

On Thursday, the rupee had settled on a flat note at 74.87 against the US dollar.

Brent crude futures, the global oil benchmark, advanced 0.43 per cent to USD 84.97 per barrel.

 

Also see: Dollar higher on upbeat US data but set for weekly losses

 

Published on October 22, 2021

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