Rupee reverses loss against USD

The rupee reversed early losses and settled for the day higher by 11 paise at 74.12 against the US dollar on Friday, despite a muted trend in domestic equities.

migrator

Published:2nd Oct, 2021 at 10:53 AM

Mumbai

At the interbank foreign exchange market, the local unit witnessed heavy volatility. It opened on a negative note at 74.33 per dollar as against its previous close of 74.23. It hovered in the range of 74.11 to 74.35 per dollar during the day before ending at 74.12 against the American dolar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.03 pc to 94.25.

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Rupee reverses loss against USD

The rupee reversed early losses and settled for the day higher by 11 paise at 74.12 against the US dollar on Friday, despite a muted trend in domestic equities.

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