Tue. Oct 4th, 2022

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Rupee settles 5 paise higher at 75.46 against US dollar

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The rupee raised by 5 paise to 75.46 against the US dollar on Wednesday as fiscal stimulus by the government buoyed  investor sentiment.

Forex traders said Prime Minister Narendra Modi’s Rs 20 lakh crore economic stimulus package enthused investors.

During the trading session rupee witnessed an intra-day high of 75.30 and a low of 75.50.

risk sentiments are negative and investor sentiments remain fragile over coronavirus concerns, they added.

At the interbank foreign exchange, the rupee opened on a strong note at 75.31, but during the day the domestic unit lost most of its gains and finally settled at 75.46 against the US dollar, registering a rise of 5 paise over its previous close.

During the trading session rupee witnessed an intra-day high of 75.30 and a low of 75.50.

On Tuesday, the rupee had settled at 75.51 against the US dollar.



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