Rupee Ends Lower To 72.43 Against Dollar Against Stronger American Currency

Rupee Vs Dollar Today: At the interbank foreign exchange market, the local unit opened flat at 72.37 against the dollar and registered an intra-day high of 72.27.

Rupee Ends Lower To 72.43 Against Dollar Against Stronger American Currency

Rupee Vs Dollar Today: The rupee settled at 72.43 against the dollar

Rupee Vs Dollar Today: Shedding its intra-day gains, the rupee edged six paise lower against the US dollar on Tuesday, March 23, to settle at 72.43 (provisional) tracking weakness along with its other peers against the American currency. Positive domestic equity markets and easing crude oil prices lent support to the domestic unit and restricted a further decline. At the interbank foreign exchange market, the local unit opened flat at 72.37 against the dollar and registered an intra-day high of 72.27. It witnessed a low of 72.45. In an early trade session, the rupee gained three paise to 72.34 against the greenback. In the previous session, the local unit closed at 72.37 against the American currency.

The dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.42 per cent to 92.12. On the domestic equity market front, the BSE Sensex climbed 280.15 points or 0.56 per cent to close at 50,051.44, while the broader NSE Nifty ended higher by 78.35 points or 0.53 per cent at 14,814.75.

''The market remained volatile throughout the day but finally closed above 14,800/50000 levels. The 50-day moving average was a major hurdle for the market and is positive for the medium-term trend of the market. Based on it the Nifty/Sensex could move closer to 14950 to 15000 (50500/50700) levels. Surprisingly, support is still at 14,570/49250 levels,'' said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities. 

According to exchange data, the foreign institutional investors were net sellers in the capital market on Monday as they sold shares worth Rs 786.98 crore. Meanwhile, global oil benchmark Brent crude futures fell 3.03 per cent to $ 62.66 per barrel.