Categories: Business

Rupee ends 10 Paise higher at 74.94 per dollar


Rupee vs Dollar

new Delhi. In Wednesday's trade, the rupee once again fell below the 75 level against the dollar. This increase in domestic currency was seen due to weakness in the dollar. The rupee rose 10 paise to close at 74.94 against the dollar in the inter-bank foreign currency exchange market on Wednesday after the weakening of the US currency and positive signals from domestic stock markets during early trading. The rupee started strongly in today's business. In the inter-bank foreign currency exchange market, the domestic currency opened 11 paise to strengthen at Rs 74.93 per dollar.

The rupee remained within a limited range of 12 paise during trading. During the day, the rupee touched a high of 74.83 per dollar and a low of 74.95 per dollar. At the end of trading, the rupee strengthened by 10 paise to close at 74.94 per dollar against the previous day's closing price. The rupee had closed at Rs 75.04 per dollar on Tuesday. Foreign exchange traders say that there has been a positive trend in the stock markets. On the other hand, the US currency is weak against other currencies of the world. There is a flow of foreign funds in the stock markets. Meanwhile, the dollar index, showing the strength of the dollar against the six major currencies of the world, fell 0.19 percent to 93.20 points.

This post was published on August 6, 2020 2:51 am

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