The domestic currency has lost 27 paise in the last four trading sessions.
The rupee on Friday fell by 1 paisa to end at 73.07 (provisional) against the U.S. dollar amid strengthening of the American currency against key rivals and rising crude oil prices.
At the interbank foreign exchange market, the rupee opened at 72.97 per dollar as against its previous close of 73.06.
It hovered in the range of 72.91 to 73.09 during the day before ending at 73.07.
The domestic currency has lost 27 paise in the last four trading sessions.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.15% to 90.21.
“The USDINR spot is hovering around 73 zone, and fears of rising international crude oil prices is leading to importers demand. In spot, the immediate resistance lies around 73.20-73.30, only a consistent trading above that can push prices towards 73.60-73.75 zone while 72.70-72.50 will act as a crucial support,” said Rahul Gupta,…
