Rupee Snaps 3-Day Losing Streak, Settles Higher To 73.50 Against Dollar
NDTV
Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the domestic unit opened on a weak note at 73.77 against the dollar and registered an intra day high of 73.48.
The rupee snapped its three-day losing streak and gained 10 paise against the US dollar on Thursday, September 9, to settle at 73.50 (provisional), tracking recovery in the domestic equities. At the interbank foreign exchange market, the domestic unit opened on a weak note at 73.77 against the dollar and registered an intra day high of 73.48. It witnessed a low of 73.85. In an early trade session, the local unit slipped 22 paise to 73.82 against the greenback. The rupee closed at 73.50, registering a rise of 10 paise against its previous closing. In the previous session, the local unit settled at 73.60 against the American currency Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 92.54. Mr Amit Pabari, MD, CR Forex: ''The market now awaits today's ECB policy announcement, where participants are fairly divided on the central bank's call on reducing their PEPP (emergency) program. Those apart, other issues like the US debt ceiling, climate changes, German political election, volatility in crude oil, and geopolitical tensions in Afghanistan could weaken the EM FX and create a demand for the USD again.More Related News