Rupee Vs Dollar: The rupee weakened to as low as 74.98 against the dollar during the session
The rupee edged lower by seven paise - or 0.09 per cent - against the US dollar on Friday, amid weakness in most Asian currencies and listless trade in domestic equity markets. The rupee moved in a range of 74.80-74.98 against the greenback during the four-hour session, having started the day weaker at 74.94 compared to its previous close of 74.75. Weakness in the dollar overseas, however, helped the rupee pare intraday losses, according to analysts.
Domestic share markets ended marginally lower on Friday as investors booked profits following a record jump in daily COVID-19 cases in the country, while a rally in heavyweight Reliance Industries capped the losses.
The S&P BSE Sensex index closed 0.03 per cent lower at 38,128.9, and the broader NSE Nifty 50 benchmark ended down 0.19 per cent at 11,194.15.
The dollar index - which measures the greenback against six currencies - was last seen trading 0.24 per cent lower, having fallen as much as 0.30 per cent earlier on Friday.
Crude oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the US and China and wider economic uncertainty weighed. Brent crude futures - the global benchmark for crude oil - were last seen trading 0.23 per cent higher at $43.41 per barrel.
The rupee shut shop at 74.82 against the US currency for the day. For the week, the rupee appreciated by 20 paise - or 0.27 per cent - against the dollar.
At the current level, the rupee has recovered 2.72 per cent against the American currency since an all-time low of 76.91 registered in April, but is still down 4.85 per cent so far this year.
