Published on 4/09/2020 3:53:46 PM | Source: Dion Global Solutions Ltd

Rupee sees high volatility; rises marginally to 73.46/USD in early trade

Posted in Currency Top News| #Rupee #US dollar #Currency News

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The rupee witnessed high volatility in opening session on Friday amid heavy selling in domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened on a strong note at 73.38 against the US dollar, then gained further to quote at 73.35.

The local unit, however, pared the initial gains and was trading at 73.46, up by just 1 paisa over its previous close. On Thursday, the rupee slumped 44 paise to close at 73.47 against the US dollar as rise in demand for the American currency from oil importers weighed on currency market sentiment.