The Nifty and the Sensex opened the day on a positive note to recuperate some of the losses from yesterday.
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4:30 PM
Rupee pares early gains, settles 9 paise lower at 72.55 against US dollar
The rupee’s gains didn’t last long.
PTI reports: “The rupee pared its initial gains and depreciated 9 paise to settle at 72.55 (provisional) against the US dollar on Tuesday as muted domestic equities and strengthening of the greenback overseas weighed on investor sentiment.
At the interbank forex market, the local unit opened at 72.46 against the American currency and witnessed an intra-day high of 72.37 and a low of 72.64.
It finally ended at 72.55, registering a fall of 9 paise over its previous closing. On Monday, the rupee had settled at 72.46.
“Indian Rupee depreciated amid strong dollar and muted domestic markets. Further, rupee slipped…