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Rupee ends marginally lower at 74.07 per dollar

As the dollar index is near support, we might see USDINR pair moving towards 74.6 levels again, says ICICI Direct.

April 30, 2021 / 03:44 PM IST

Indian rupee ended marginally lower at 74.07 per dollar, amid selling saw in the domestic equity market.

Rupee opened flat at 74.03 per dollar against previous close of 74.04 and traded in the range of 73.94-74.13.

At close, the Sensex was down 983.58 points or 1.98% at 48,782.36, and the Nifty was down 263.80 points or 1.77% at 14,631.10.

"Rupee found support and trades strong yet again as dollar index weakness helped rupee scale higher towards 74.00. The major move can be expected once the rupee starts trading above 74.00 and moves towards 73.50," said Jateen Trivedi, Senior Research Analyst at LKP Securities.