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Rupee strengthens to 73

Rupee strengthens to 73.52 ahead of RBI policy outcome

Fri Oct 05 2018


The rupee recovered 6 paise to 73.52 against the US dollar at the forex market today ahead of the RBI’s monetary policy outcome. Intervention by the government to reduce oil prices also supported the rupee.


Dealers said besides fresh selling of the US dollar by exporters, the greenback’s weakness against some currencies overseas supported the rupee. The domestic currency had closed at a record low of 73.58, down by 24 paise or 0.33 per cent on Thursday, marking its third straight session of losses.


Meanwhile, the Sensex dropped by 231.16 points, or 0.66 per cent, to 34,938 in early trade.



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