Rupee soars 73 p, breaches 73-mark

Mumbai, September 1

The rupee rallied 73 paise to breach the 73-mark towards the US greenback on Tuesday, supported by liquidity-boosting measures introduced by the RBI.

A weak buck abroad and a optimistic development within the fairness markets additional supported the native forex, foreign exchange merchants mentioned.

At the interbank foreign exchange market, the home unit opened at 73.18 towards the US greenback and shuttled between 72.75 and 73.19.

It lastly completed at 72.87, up 73 paise from its earlier shut of 73.60.

The greenback index, which gauges the buck’s power towards a basket of six currencies, was buying and selling 0.25 per cent decrease at 91.91. — PTI

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