Rupee rises 8 paise to 72.97 against U.S. dollar in early trade
The Hindu
Forex traders believe upside for the American currency could remain capped amid expectations that the U.S. interest rates will remain low.
The Indian rupee inched higher by 8 paise to 72.97 against the U.S. dollar in early trade on Wednesday amid a muted trend in the domestic equity market. At the interbank foreign exchange, the domestic unit opened on a flat note at 73.02 against the dollar, then inched higher and touched 72.97, registering a rise of 8 paise over its previous close. On Tuesday, the rupee had closed at 73.05 against the U.S. dollar.
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