Rupee trades at 73.64 against US Dollar

On Tuesday, the rupee settled flat at 73.68 against the US currency in tandem with the muted trend in domestic equities.

Sep 15, 2021 12:09 IST India Infoline News Service

The Indian Rupee opened flat against the US dollar in the opening trade on Wednesday. The local unit was trading flat as the US dollar regained strength ahead of the release of US inflation data and also higher crude oil prices.

At the interbank foreign exchange, the rupee opened at 73.68 against the dollar, then inched higher to 73.64, up 3 paise over its previous close.

On Tuesday, the rupee settled flat at 73.68 against the US currency in tandem with the muted trend in domestic equities.

On the macro front, India’s exports rose by 45.76% to $33.28 billion in August, as against $22.83 billion in the same month last year, according to commerce ministry data released on Tuesday. Imports during the month increased by 51.72% to $47.09 billion, the data showed. Trade deficit in August widened to $13.81 billion as against $8.2 billion in the same month last year.

Meanwhile, the US Dollar Index that tracks the greenback against a basket of other currencies inched up 0.04% to 92.648 after falling to a low of 92.32 overnight.

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