Rupee snaps 3-day losing streak, settles 14 paise higher at 74.44 against USD
The Hindu
"The Indian rupee gained the most in a week.”
The rupee snapped its 3-day losing streak to settle 14 paise higher at 74.44 (provisional) against the U.S. dollar on Wednesday, tracking positive regional peers, even as the domestic equity market settled with significant losses.
At the interbank foreign exchange market, the rupee opened lower at 74.70 a dollar, registering a decline of 12 paise from the last close. During the day, it pared losses and witnessed an intra-day high of 74.32.
The domestic unit finally settled at 74.44 (provisional) against the American currency, up 14 paise over its last close.
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