Rupee rises 4 paise to end at 75.41 against U.S. dollar
The Hindu
Analysts said that uncertainty around the new coronavirus variant Omicron and foreign capital outflows continued to check rupee’s rise
The rupee erased most of its initial gains but managed to settle marginally 4 paise higher at 75.41 (provisional) against the U.S. dollar on Tuesday as heavy buying in domestic equities supported the local unit.
Analysts said that uncertainty around the new coronavirus variant Omicron and foreign capital outflows continued to check rupee’s rise.
At the interbank forex market, the local unit opened strong at 75.31 against the greenback and witnessed an intra-day high of 75.26 and a low of 75.49 during the day's trade.
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