Rupee closes stronger at 73.67 against the greenback amid domestic equities rally

Rupee opened at 73.94 against the greenback and gained further ground to touch 73.67, registering a rise of 38 paise over its previous close.

Dec 01, 2020 03:12 IST India Infoline News Service

Rupee and Dollar
Indian Rupee finished 38 paise higher at 73.67 against the US dollar on Tuesday, tracking strong domestic equities and sustained foreign fund inflows.

The local unit opened at 73.94 against the greenback and gained further to touch 73.67, registering a rise of 38 paise over its previous close.

On Friday, the rupee has settled 17 paise lower at 74.05 against the US dollar.

Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand, according to the Reuters report.

However, prices recovered in the afternoon and Brent Crude Futures, the global oil becnhmark, was trading marginally higher at 47.98. (3.57 pm).

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