Rupee opens lower at 74.77 per dollar

Rupee opens lower at 74.77 per dollar

Indian rupee opened 17 paise lower at 74.77 per dollar on Friday versus Thursday's close of 74.60, amid flat trading seen in the domestic equity market. On April 8, the local currency ended lower by 5 paise at 74.60 per dollar against previous close of 74.55. At 10:08 IST, the Sensex was up 52.59 points or 0.11% at 49798.80, and the Nifty was up 12.40 points or 0.08% at 14886.20. The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to unwind some bets on the greenback. "Rupee will be seen in a range of 74.45-75.15 in sessions ahead with the weak trend for rupee," said Jateen Trivedi, Senior Research Analyst at LKP Securities. Gold on Friday held near a more than one-month peak scaled in the previous session, with bullion set for a weekly gain of over 1%, as a weakness in the dollar and Treasury yields offered support along with a surprise jump in U.S. …
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