Rupee rallies 40 paise to close at 73.29 against U.S. dollar
The Hindu
The rupee logged the third straight session of gain on Monday.
The rupee surged by 40 paise to close at 73.29 (provisional) against the U.S. dollar on August 30, supported by a firm trend in domestic equities and a weak American currency. At the interbank Forex market, the local unit opened strong at 73.46 against the greenback and later gained strength to settle at 73.29, higher by 40 paise over its previous close of 73.69. The local unit moved in a range of 73.21 to 73.54 in the day trade. The rupee logged the third straight session of gain on Monday. In the three trading sessions, the local unit appreciated by 95 paise against the U.S. dollar.
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