Rupee gains 11 paise to close at 74.24 against U.S. dollar
The Hindu
However, intense selling pressure in the domestic equities and surging crude prices kept the rupee rise in check, forex dealers said
The rupee appreciated by 11 paise to close at 74.24 (provisional) against the U.S. dollar on Wednesday, tracking weaker American currency against key rivals overseas. However, intense selling pressure in the domestic equities and surging crude prices kept the rupee rise in check, forex dealers said. At the interbank foreign exchange market, the domestic currency opened strong at 74.30 per dollar. It hovered in a range of 74.24 to 74.31 during the session.
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