Tuesday, January 26

Tag: currency

Rupee ends marginally higher at 73.53 per dollar
Currencies

Rupee ends marginally higher at 73.53 per dollar

Indian rupee ended marginally higher at 73.53 per dollar, amid selling seen in the domestic equity market.It opened 19 paise lower at 73.77 per dollar against previous close of 73.58 and remained in the range of 73.53-73.78.At 14:32 IST, the Sensex was down 231.45 points or 0.57% at 40475.86, and the Nifty was down 66.50 points or 0.56% at 11871.20."As of now, we are expecting the rupee to trade with a depreciating bias in the near-term, given RBI’s persistent attempts to cap an upside in the unit. Moreover, the dollar index also has some scope to rebound from current levels, if the US stimulus package does not materialize," said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking."Volatility on the local unit is expected to increase in the run-up ...