Millennium Post

Rs firms up 5P at 71.71 vs $

Rs firms up 5P at 71.71 vs $

New Delhi: The Indian rupee furthered its gains by 5 paise to close at 71.71 against the US dollar on Friday, helped by sustained foreign fund inflows and lower crude oil prices.

Starting on a steady note, the rupee went through bouts of volatility during the session and touched an intra-day low of 71.87 against the US dollar. The domestic unit found some stability later and finally settled at 71.71, up 5 paise over its previous close.

On a weekly basis, the Indian currency gained 7 paise.

Experts attributed the initial bouts of volatility in the forex market to lack of guiding factors on the domestic front and uncertainty with regard to ongoing global trade tariff tussle. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 98.02.

PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top