October 20, 2021

Rupee falls 13 paise to 73.77 against US dollar in early trade

MUMBAI: The Indian rupee depreciated 13 paise to 73.77 against the US dollar in opening trade on Friday, in line with other Asian currencies amid a strong greenback in the overseas market.
At the interbank foreign exchange, the rupee opened on a weak note and fell to 73.77 against the dollar, registering a decline of 13 paise from the last close, even as the domestic equity market was trading with handsome gains.
In the previous session on Thursday, the rupee had settled at 73.64 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.04% to 93.12.
The Indian rupee opened weaker this Friday against the dollar, after benchmark US yields reached their highest level in more than two months on anticipated withdrawal of policy support, said Sriram Iyer, Senior Research Analyst at Reliance Securities.
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Read full article here: timesofindia.indiatimes.com