Rupee Hits 6-Week High Before Settling To 74.19 Against Dollar: Here's How

Rupee Vs Dollar Rate Today: The interbank foreign exchange market, the domestic opened at 74.16 and registered an intra-day high of 74.08 -rising to its highest level in six weeks.

The rupee strengthened for the third straight session and gained nine paise against the US dollar on Wednesday, August 4, to settle at 74.19 amid a rally in domestic equities. At the interbank foreign exchange market, the domestic opened at 74.16 and registered an intra-day high of 74.08 -rising to its highest level in six weeks. It witnessed a low of 74.24. In an early trade session, the domestic unit gained 16 paise to 74.12 against the greenback. The rupee ended at 74.19, registering a rise of nine paise over its previous close. On Tuesday, August 3, the domestic unit settled at 74.28 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, climbed 0.01 per cent to 92.09. During the trading session today, the domestic currency strengthened to a six-week high, tracking sharp gains in domestic equities and inflows towards initial public offerings (IPO), however, bonds stayed largely steady ahead of an interest rate review due later this week by the Reserve Bank of India (RBI). The local unit touched 74.08-74.0925 earlier - its strongest level since June 22.