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Last Updated : Apr 08, 2020 10:34 AM IST | Source: Moneycontrol.com

Rupee trades lower at 75.87 per dollar

On Tuesday, Indian rupee ended with a gain of 55 paise at 75.63 per dollar amid buying seen in the domestic equity market.

Representative Image
Representative Image

Indian rupee has extended the losses and trading at day's low level at 75.87 per dollar, amid buying seen in the domestic equity market.

It opened 18 paise lower at 75.81 per dollar on Wednesday against previous close of 75.63.

On Tuesday, Indian rupee ended with a gain of 55 paise at 75.63 per dollar amid buying seen in the domestic equity market.

The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing, said Reuters.

Oil climbed on Wednesday, reversing most of the prior session’s losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic, it added.

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First Published on Apr 8, 2020 10:00 am

tags #Rupee

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