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Rupee Rises by 15 Paise Closes at 79.48

Story Highlights
  • Indian currency rises by 15 paise on Wednesday.
  • The appreciation reversed the early loss traders were cautious of.
  • Dollar index down by 0.18

Mumbai: The Rupee on Wednesday appreciated by 15 paise closing at 79.48 against the American dollar. The gains reversed early looses as traders remained cautious about placing large bets ahead of US Data inflation.

The domestic currency opened at 79.59 against the greenback and settled at 79.48 provisionally registering a rise against the previous close. During the session, the local unit witnessed an intra-day high of 79.41 and a low of 79.59 against the American currency. In the previous session on Monday, the rupee had closed at 79.63 against the US dollar.

Meanwhile, the dollar index was down 0.18 per cent at 106.18. The rupee has held below the 80 level, amid expectations that the Reserve Bank of India will not allow it to depreciate further from the psychologically important mark.

On the domestic equity market front, the BSE Sensex ended 35.78 points or 0.06 per cent lower at 58,817.29 points, while the broader NSE Nifty gained 9.65 points or 0.06 per cent to 17,534.75.

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