Rupee logs first gain in 4 days, up 14 paise against US dollar

January 19, 2022 20:38

The Indian rupee snapped its three-day losing streak to settle 14 paise higher at 74.44 against the US dollar on Wednesday, in line with positive Asian peers against the greenback.

The rupee gain, however, was restricted by a host of factors including weak domestic equities, surging crude oil prices and sustained selling by FIIs in domestic markets.

At the interbank foreign exchange market, the rupee opened lower at 74.70 a dollar, registering a decline of 12 paise from the last close.

During the day, it pared losses and witnessed an intra-day high of 74.32.

The domestic unit finally settled at 74.44 against the American currency, up 14 paise over its last close. -- PTI

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