Rupee snaps 8-day losing streak, settles 22 paise up at 73.86 per U.S. dollar
The Hindu
The domestic unit opened lower at 74.10 per dollar from the previous close of 74.08.
The rupee on Friday broke its eight-session long losing streak and appreciated 22 paise to close at 73.86 against the U.S. currency, taking cues from stronger Asian currencies and lower crude oil prices. At the interbank foreign exchange market, the domestic unit opened lower at 74.10 per dollar from the previous close of 74.08. It touched a low of 74.27 during the day following the weakness in local stocks later. The rupee bounced back in line with the broader equity markets and settled at 73.86 against the American currency.
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