Rupee slips 5 paise to close at 74.88 against U.S. dollar
The Hindu
Global oil benchmark Brent crude futures fell 0.92% to $88.65 per barrel.
The rupee declined 5 paise to close at 74.88 (provisional) against the U.S. dollar on Thursday, weighed down by the strength of the American currency and muted domestic equities.
Forex traders said elevated crude oil prices also dragged down the local unit.
At the interbank foreign exchange, the rupee opened at 74.84 against the American dollar, and later witnessed an intra-day high of 74.75 and a low of 74.92 against the greenback.
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