On July 5, the rupee had settled at 74.31 against the U.S. dollar. The Indian rupee strengthened by 6 paise to 74.25 against the U.S. dollar in early trade on July 6, tracking weakness of the American currency in the overseas market. At the interbank foreign exchange, the domestic unit opened at 74.28 against the dollar, then inched higher to 74.25, registering a gain of 6 paise over its previous close. On July 5, the rupee had settled at 74.31 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.08% down at 92.13.

Source: The Hindu July 06, 2021 05:26 UTC