The rupee snapped its three-day losing streak and closed 18 paise higher at 72.91 (provisional) against the US dollar on Thursday, supported by positive domestic equities. Market participants remained vigilant ahead of Reserve Bank of India (RBI) monetary policy meeting outcome scheduled to be announced on Friday, forex traders said. At the interbank forex market, the local unit opened on a weak note at 73.17 against the greenback and witnessed an intra-day high of 72.90 and a low of 73.18. It finally ended at 72.91, registering a rise of 18 paise over its previous closing. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 % to 89.94.

Source: The Hindu June 03, 2021 10:46 UTC