Rupee is trading at 73.52 against dollar at forex market ahead of the RBI's monetary policy outcome.
The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)
Mumbai: The rupee recovered 6 paise to 73.52 against the US dollar at the forex market on Friday ahead of the RBI's monetary policy outcome amid fresh selling by exporters as the government stepped in to reduce oil prices.
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 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 benchmark BSE Sensex dropped by 231.16 points, or 0.66 per cent, to 34,938 in opening trade.
( Source : PTI )
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