Rupee up by 2 paise at 72.53 against U.S. dollar
The Hindu
The rupee erased some of its initial gains to end 2 paise higher at 72.53 against the U.S. dollar on Thursday, tracking subdued equity market sentiment and a stronger dollar overseas.
Persistent foreign fund inflows and lower crude prices supported the domestic unit, forex traders said. At the interbank forex market, the local unit opened strong at 72.48 against the greenback but failed to hold on to gains following a massive selloff in the domestic equity markets.
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