Rupee declined for the fourth consecutive day at Rs 7307 against the dollar

Rupee declined for the fourth consecutive day at Rs 7307 against the dollar

Mumbai, Jun 11 (PTI) The rupee continued to decline for the fourth consecutive trading session. Due to some positive developments, the rupee was saved from a major fall and the rupee on Friday closed at Rs 73.07 per dollar, showing a marginal decline of one paise in the forex market.

The improvement in the situation of Corona epidemic in the country and continuous investment of foreign institutional investors in the capital market strengthened the business sentiments of the investors.

The rupee opened at 72.97 against the US dollar in the interbank foreign exchange market, having closed the previous day at 73.06. During trading, it was increasing between 72.91 and 73.09. In the end, it closed at Rs 73.07 per dollar with a fall of one paise.

The rupee has depreciated by 27 paise during the last four trading sessions.

On a weekly basis, the rupee depreciated by eight paise against the dollar.

Meanwhile, the dollar index, reflecting the dollar’s position against six major foreign currencies, rose 0.27 per cent to 90.31.

The 30-share index of the Bombay Stock Exchange rose by 174.29 points to a record high of 52,474.76 points.

Brent crude oil futures, considered the global benchmark, rose 0.35 per cent to $72.61 per barrel.

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