Rupee gains 21 paise to close at 81.74 against U.S. dollar
The Hindu
At the interbank foreign exchange market, the local unit opened at 82 against the U.S. currency and finally closed at 81.74
The rupee appreciated 21 paise to close at 81.74 (provisional) against the U.S. dollar on April 26, tracking the weakness of the American currency in the overseas market.
Forex traders said a positive trend in domestic equities also supported the local unit.
At the interbank foreign exchange market, the local unit opened at 82 against the U.S. currency and finally closed at 81.74 (provisional), registering a gain of 21 paise over its previous close.
During the session, the rupee touched a high of 81.68 and a low of 82.01 against the dollar.
On Tuesday, the rupee closed at 81.95 against the U.S. currency.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.43% to 101.42.
Global oil benchmark Brent crude futures rose 0.12% to $80.87 per barrel.
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The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.