Rupees vs Dollar

Rupees vs Dollar

The rupee pared its early gains and settled lower by 4 paise at 71.31 against the US currency on Thursday amid heavy selling in domestic equities and steady rise in crude oil prices.At the interbank Foreign exchange market, the rupee had opened higher at 71.26 against the US dollar. During the Day, the domestic unit fluctuated between a high of 71.22 and a low of 71.35.

Volatility in the next couple of sessions could remain low as major global markets would remain shut On account of Christmas holidays. No important economic data releases could keep the momentum Low for major crosses as well," said Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services.