Comments
The rupee slipped by 2 paise to close at 74.42 (provisional) against the US dollar on Monday, snapping its three-day gaining streak amid a muted trend in domestic equities.
Forex traders said the rupee is trading in a narrow range as investors are awaiting cues from the US Fed's policy decision due this week.
At the interbank foreign exchange market, the local unit opened at 74.43 against the dollar and witnessed an intra-day high of 74.40 and a low of 74.52 during the session.
The local unit finally ended the day at 74.42, down 2 paise over its last close. On Friday, the rupee had settled at 74.40 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.22 per cent to 92.70.
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.