Rupee rises by 10 paise to 75.93 against USD

April 08, 2022 19:38

The rupee appreciated 10 paise to settle at 75.93 against the US dollar on Friday, amid the Reserve Bank of India maintaining status quo on the benchmark lending rate.

Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy.

Meanwhile, benchmark 10-year bond yield jumped to 7.06 per cent, the highest since June 2019 as the RBI raised the forecast for the headline consumer-price inflation to 5.7 per cent.

At the interbank forex market, the domestic unit opened at 75.99 against the US dollar and touched an intra-day high of 75.70 and finally closed at 75.93, registering a rise of 10 paise over its previous close.

On Thursday, the rupee had declined 19 paise to close at 76.03. -- PTI

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