Rupee ends flat against U.S. dollar
The Hindu
It finally ended at 74.24 against the American currency.
The Indian rupee reversed all its intra-day losses to close almost flat at 74.24 (provisional) against the U.S. dollar on Friday, tracking a strong rally in domestic equities. Besides, a weak American currency against its major rivals and lower crude prices also helped the rupee to recover, forex dealers said. At the interbank forex market, the local unit opened weak at 74.27 against the U.S. dollar and remained in the negative territory for most of the session. However, towards the fag-end of the session, the local unit recovered all its losses. The rupee witnessed an intra-day high of 74.24 and a low of 74.32 during the session.
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