Rupee rebounds 23 paise to close at 73.64 against U.S. dollar

"The Indian rupee erased Wednesday's loss tracking cues.”

The rupee rebounded by 23 paise to close at 73.64 against the U.S. dollar on Thursday following an improved risk appetite among investors triggered by positive global cues.

Investors globally took the U.S. Fed statement of starting tapering as soon as November in their stride and encouraging news on China’s Evergrande crisis also helped to clear some uncertainty on the global front, analysts said.

At the interbank forex market, the local unit opened flat at 73.85 against the greenback. During the session, it witnessed an intra-day high of 73.61 and finally settled at 73.64.