Business

Rupee gains 10 paise to end at 73.85

MUMBAI, MAY 4 (PTI): | Publish Date: 5/4/2021 12:59:22 PM IST

 Rising for the second day in a row, the rupee closed 10 paise higher at 73.85 against the US currency on Tuesday on dollar selling by traders.

A stronger dollar in the global markets, losses in the domestic equities and high crude oil prices, however, restricted the gain in the local unit. ‘The Indian Rupee appreciated for the 2nd successive session against the US Dollar this Tuesday as traders trimmed their dollar long positions,’ said Sriram Iyer, Senior Research Analyst Reliance Securities. At the interbank forex market, the rupee opened at 73.83, and hit an intra-day high of 73.76 and a low of 73.97.

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