Rupee settles 14 paise lower at 73.66 against US dollar

The rupee had strengthened by 12 paise on Wednesday.

The rupee depreciated 14 paise and settled at 73.66 (provisional) against the US dollar on Thursday tracking muted domestic equities.

At the interbank forex market, the local unit opened on a weak note at 73.70, and finally closed at 73.66 against the American currency, registering a fall of 14 paise over its last close.

During the session, the domestic unit witnessed an intra-day high of 73.64 and a low of 73.78 against the greenback.

On Wednesday, the rupee had strengthened by 12 paise to 73.52 against the US dollar.

Meanwhile, the dollar index, which gauges the greenbackโ€™s strength against a basket of six currencies, fell 0.06% to 93.15.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 251.35 points lower at 39,051.50 and the broader NSE Nifty fell 74.20 points to 11,530.35.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 264.66 crore on a net basis on Wednesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.33% to USD 42.08 per barrel.

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.