On Thursday, the rupee had settled at 74.71 against the US dollar. The rupee gained 7 paise to end at 74.64 (provisional) against the U.S. currency on Friday, tracking weakness in the American currency in the overseas market. However, a muted trend in domestic equity markets and surging crude prices restricted the gain in the domestic unit, forex dealers said. At the interbank foreign exchange market, the rupee opened strong at 74.68 per dollar. On Thursday, the rupee had settled at 74.71 against the US dollar.

Source: The Hindu July 09, 2021 11:03 UTC