Rupee Vs Dollar Today: The rupee settled at 73.12 versus the dollarThe rupee valued by 6 paise against the US dollar on Thursday, May 20, to settle at 73.12 (provisional), tracking weakness in American currency in the international market.
At the interbank foreign exchange market, the domestic system opened at 73.16 versus the dollar and swing to an intra-day high of 73.09.
It registered a low of 73.17.
In an early trade session, the domestic unit inched greater by 3 paise to 73.15 versus the greenback.
The rupee closed at 73.12 against the dollar, seeing a rise of six paise over its previous closing.On Wednesday, May 19, the regional unit settled at 73.18 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09 per cent to 90.10.
Today USDINR area open flat at 73.16, The other day it diminished versus the US Dollar for the very first time in four sessions, weighed down by importer need for the greenback and a relatively poor local danger cravings.
In today's session, Asian currencies fell as equities fell ahead of the Fed's April minutes, putting pressure on regional currencies, said Kshitij Purohit, Lead International Products - Products at CapitalVia Global Research Study Limited.
The dollar index has actually recovered from its early losses against major currencies and traded greater in the second half of the day.
The dollar index has actually recovered from $89.68 levels, and it can now move towards resistance in the $90.10-$90.25 variety, added Mr Purohit.
On the domestic equity market front, the BSE Sensex ended 337.78 points or 0.68 percent lower at 49,564.86, while the wider NSE Nifty slipped 124.10 points or 0.83 per cent to 14,906.05.
The formation of an inverted hammer on Wednesday served as a bearish formation for the marketplace.
The Nifty closed at 14906, the most affordable point of the day.
Energy and metal stocks dropped amid growing concerns about inflation in the United States.
Bank-Nifty moved further to support which was in between the levels of 33300/33200.
The market fell, the decrease was not serious, said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.According to exchange data, the foreign institutional investors were net sellers in the capital market on May 19 as they offloaded shares worth Rs 697.75 crore.
Brent crude futures, the international oil criteria, fell 1.91 per cent to $ 65.39 per barrel.