Rupee pares initial losses, settles 2 paise up at 74.40 against USD
The Hindu
The dollar index advanced 0.22% to 96.70
The rupee recovered its initial losses and settled 2 paisa up at 74.40 (provisional) against the U.S. dollar on Wednesday, ahead of the release of the minutes of the latest Federal Reserve meeting.
At the interbank forex market, the local unit opened on a weak note at 74.53 against the greenback and witnessed an intra-day high of 74.31 and a low of 74.54.
It finally ended at 74.40 against the American currency, registering a gain of just 2 paise over its previous close of 74.42.
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