Rupee rises 13 paise to stand at 73.29 against weaker US dollar today

The Indian rupee strengthened 13 paise to end at 73.29 (provisional) against the US dollar on Friday, following the weakening of the US dollar in the overseas market.

In the interbank forex market, the local unit opened at 73.41 against the greenback and saw an intraday high of 73.22 and a low of 73.41.

It ultimately ended at 73.29 against the US dollar, registering a 13-pea increase from its previous close.

On Wednesday, the rupee stood at 73.42 against the US currency.

The forex market was closed on Thursday because of Id-Ul-Fitr.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.23% to 90.54.

Futures on Brent crude, the world’s benchmark for oil, rose 1% to $ 67.72 per barrel.

On the domestic stock market front, the BSE Sensex finished 41.75 points or 0.86 percent higher at 48,732.55, while the larger NSE Nifty lost 18.70 points or 0.13 percent at 14,677.80.

Foreign institutional investors were net sellers in the capital market on Wednesday as they shuffled off shares worth Rs 1,260.59 crore, according to exchange data.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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