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At the interbank forex market, the local unit opened at 72.43 against the greenback, then lost further ground to touch an intra-day low of 73.51
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At the interbank forex market, the local unit opened at 72.58 against the greenback and witnessed an intra-day high of 72.29 and a low of 72.58.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 90.38.
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Analysts said that traders remained cautious ahead of Reserve Bank of India (RBI) monetary policy outcome to be announced on Friday.
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At the interbank forex market, the domestic unit opened at 72.89 against the US dollar, then inched higher to 72.88, registering a rise of 8 paise over its previous close.
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Mumbai: The rupee rose by 3 paise to settle at 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market. At the interbank forex market, the rupee opened at 72.95 against the American currency, and hit an intraday high of 72.89 […]
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On the domestic equity market front, the BSE Sensex was trading 277.80 points or 0.56 per cent higher at 50,069.92.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 90.91.
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On Wednesday, the rupee had settled at 73.11 against the American currency.
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In the previous session, the rupee strengthened by 3 paise to close at 73.56 against the US dollar.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading up 0.21 per cent at 90.01.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.20 per cent at 90.79.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 90.99.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.17 per cent down at 90.81.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.07 per cent to 90.85.
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The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.
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In volatile trade, the local unit also touched 73.89 against the American currency.
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At the interbank forex market, the domestic unit witnessed a highly volatile trading session. It opened at 73.45, pared the gains and finally closed at 73.81 against the greenback.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.17 per cent to 91.15.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.13 per cent to 92.26.