Rupee pares initial gains, settles 10 paise lower at 75.17/dollar
The Hindu
The rupee on Monday dived 18 paise to close at a five-week low.
The rupee on Tuesday pared its initial gains to settle 10 paise lower at 75.17 (provisional) against the U.S. dollar as investor concerns grew over fresh impact of new COVID variant on the economy.
At the interbank foreign exchange market, the local currency opened on a strong note at 74.91 and witnessed an intra-day high of 74.86 and a low of 75.19 against the U.S. dollar in a highly volatile trading session.
The local unit finally settled at 75.17 a dollar, down 10 paise over its previous close.
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