Rupee pares initial losses, settles 3 paise higher at 82.26/USD
The Hindu
At the interbank foreign exchange market, the local unit opened at 82.32 against the U.S. dollar and settled 3 paise higher at 82.26
Rupee pared initial losses and settled for the day 3 paise higher at 82.26 (provisional) against U.S. dollar on August 1 amid a muted trend in domestic equities.
Forex traders said the rupee witnessed range-bound movement on Tuesday as the dollar index moved higher and Asian currencies moved lower against the American currency.
At the interbank foreign exchange market, the local unit opened at 82.32 against the U.S. dollar and settled 3 paise higher at 82.26 (provisional) against the previous close.
During the day, the domestic unit witnessed an intra-day high of 82.24 and a low of 82.33.
On Monday, the rupee had closed at 82.29 against the dollar.
Strong American currency and elevated level of crude oil prices weighed on investor sentiments, while positive macroeconomic data supported the local unit at lower levels.
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