Comments
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
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.