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Traders said the local unit ended in the red. The rupee pared its initial gains to close marginally down by 1 paisa at 74.88 against the U.S. dollar on Tuesday due to worries that the alarming surge in COVID-19 cases could derail the economic recovery in the country. At the interbank forex market, the domestic unit opened at 74.65 against the U.S. dollar, but lost ground to close at 74.88 against the US dollar. During the session, the local unit witnessed an intra-day high of 74.64 and a low of 74.98 against the greenback. Meanwhile, the dollar index, which gauges the greenback's strengt...

The greenback closed at Rs152.75

File photo for representation.   | Photo Credit: G. Ramakrishna The rupee appreciated by 10 paise to 73.20 against the US dollar in opening trade on Tuesday supported by positive domestic equities and strong Asian currencies. At the interbank forex market, the local unit opened at 73.22 against the US dollar, then inched higher to 73.20 against the greenback, registering a rise of 10 paise over its previous close. On Monday, the rupee had settled at 73.30 against the American currency. "However, appreciation bias could be capped amid concerns that rising COVID-19 cases and subsequent loc...

The rupee pared its initial gains and closed down by 12 paise at 73.42 (provisional) against the US currency on Tuesday amid concerns that rising COVID-19 cases and subsequent lockdowns in some states

At the interbank forex market, the domestic unit opened at 73.38 against the US dollar, then fell further to 73.43, registering a decline of 31 paise over its previous close.