Rupee Closes At 3-Week High Of 73.16 Against Dollar

The rupee had closed practically unchanged at 73.57 towards the greenback on Tuesday

Mumbai:  The rupee gained by 41 paise to finish at 73.16 towards the greenback on Wednesday, the best closing stage since October 1. Selling of the greenback by banks and exporters amid easing of crude oil costs together with a bounce-back within the home fairness markets supported the rupee, say analysts. The rupee touched an intraday excessive of 73.09 through the session, earlier than settling at 73.16 for the day. Despite Wednesday’s achieve, the rupee remains to be down greater than 14 per cent thus far this yr.

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