Forex

Rupee settles 5 paise lower at 73.36 against dollar

PTI Mumbai | Updated on October 15, 2020 Published on October 15, 2020

The rupee appreciated by 6 paise to 68.57 against the US dollar. File Photo   -  Getty Images/iStockphoto

The rupee pared its initial gains and settled 5 paise lower at 73.36 (provisional) against the US dollar on Thursday tracking heavy selling in domestic equities and strengthening American currency.

At the interbank forex market, the rupee opened at 73.32 against the greenback, and after witnessing a volatile trading session closed at 73.36, lower by 5 paise from its previous close of 73.31.

During the session, the rupee witnessed an intra-day high of 73.22 and a low of 73.41 against the US dollar.

Forex traders said rising COVID-19 cases and uncertainty over US stimulus affected investor sentiment.

Further, strengthening American currency and heavy selling in domestic equities also weighed on the domestic currency.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.34 per cent to 93.69.

Brent crude futures, the global oil benchmark, fell 1.27 per cent to $42.77 per barrel.

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Published on October 15, 2020
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