Rupee closes 11 paise higher at 73.04 per dollar

The Indian currency traded a high of 72.93 during intraday trade on Thursday.

Jan 14, 2021 10:01 IST India Infoline News Service

Rupee Crisis
Indian rupee closed 11 paise higher at 73.04 per dollar, amid buying seen in the domestic equity market.

The local unit opened marginally lower at 73.19 per dollar against previous close of 73.15. The Indian currency traded a high of 72.93 during intraday trade on Thursday.

On Wednesday, Rupee had finished 10 paise higher.

Oil benchmark Brent Crude was trading 0.18% lower at USD 55.96 as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week capped losses.

The dollar extended its rebound from near three-year lows versus major peers on Thursday, supported by higher U.S. yields, as US President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.

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