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    HomeNewsBusinessMarketsRupee ends lower at 73.58 per dollar

    Rupee ends lower at 73.58 per dollar

    On October 20 rupee ended lower by 10 paise at 73.46 per dollar against previous close of 73.36.

    Moneycontrol News
    October 21, 2020 / 14:08 IST

    Indian rupee ended 12 paise lower at 73.58 per dollar, amid selling seen in the domestic equity market.

    It opened higher at 73.41 per dollar versus Tuesday's close of 73.46 and traded in the range of 73.36-73.58.

    At 14:04 IST, the Sensex was down 230.82 points or 0.57% at 40313.55, and the Nifty was down 71.10 points or 0.60% at 11825.70.

    Oil prices fell on Wednesday after a surprise climb in U.S. crude stockpiles added to concerns about a global supply glut as a spike in global COVID-19 cases fuels demand fears and production returns in Libya.

    Gold prices rose on Wednesday, propped up by a softer dollar and increasing hopes for a new U.S. coronavirus relief package ahead of the November elections.

    While markets are confident a win by Biden would lead to more fiscal stimulus, potentially weakening the dollar, investors are also wary of a potentially contested election result that may boost the safe-haven appeal of the greenback, said ICICIdirect.
    The dollar-rupee October contract on the NSE was at 73.52 in the last session. The open interest in the October series declined 4.89% while it increased 22.46% in the next series, it added.
    Moneycontrol News
    first published: Oct 21, 2020 10:00 am

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