Rupee recovers 28 paise to close at 74.73 against U.S. dollar
The Hindu
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.08% to 90.78.
The rupee strengthened by 28 paise to close at 74.73 (provisional) against the U.S. dollar on Monday, supported by positive domestic equities and weakness in the American currency in global markets. At the interbank forex market, the local unit opened at 74.81 against the greenback and witnessed an intra-day high of 74.67 and a low of 74.88. It finally ended at 74.73 against the American currency, registering a rise of 28 paise over its previous closing. On Friday, the rupee had settled at 75.01 against the American currency.
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