new Delhi. The rupee in the interbank foreign exchange market gained 38 paise to close at 74.66 against the US dollar on Friday due to the rise in the domestic stock market and the weakening of the dollar amid positive news about the Kovid-19 vaccine. Market watchers said besides the encouraging test results of the Kovid-19 vaccine, the domestic stock market boom, stable crude oil prices and a weak dollar helped the local currency.
The rupee opened at 74.60 against the US dollar in the Interbank foreign exchange market and at the end of trading it closed at 74.66 per dollar, showing a gain of 38 paise compared to the previous closing price. The rupee had closed at 75.04 per dollar on Thursday. The rupee touched a day high of Rs 74.60 and a low of 75.02 during trading. On Thursday, the rupee had witnessed a sharp rise of 56 paise. The rupee has gained 94 paise against the dollar in the last 2 days.
This post was published on July 3, 2020 5:36 pm
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