Rupee falls 8 paise to close at 74.14 against U.S. dollar
The Hindu
Rupee may trade in the range of 73.90 to 74.40 in the next couple of sessions," said Raj Deepak Singh, Head-Derivatives, ICICI Securities
The rupee fell by 8 paise to close at 74.14 against the U.S. dollar on Wednesday amid a lacklustre trend in domestic equities and strengthening of the American currency in the overseas market.
At the interbank foreign exchange market, the local currency opened at 74.18 and witnessed an intra-day high of 74.08 and a low of 74.26 against the U.S. dollar in day trade.
The local unit finally settled at 74.14 a dollar, down 8 paise over its previous close. On Tuesday, the rupee had settled at 74.06 against the greenback.
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