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Rupee snaps gaining streak
MUMBAI: Snapping its four-day winning streak, the rupee on Tuesday closed lower at 42.73/74 against the greenback amid continuing surge in stock markets and dollar selling by exporters.
At the interbank foreign exchange market, the rupee opened slightly lower at 42.70/72 and moved in a wide range of 42.85 and 42.57 before closing at 42.73/74.
The rupee ended at Rs. 42.69 on Monday.
The Reserve Bank of India fixed the reference rate for the dollar at Rs. 42.71 and for the single European currency at Rs. 68.02.
In cross currency deals, the rupee reacted downwards against the British Pound Sterling, the Japanese yen and the euro. — PTI
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