Rupee ends higher at 74.93 per dollar

Indian rupee ended higher at 74.93 per dollar on August 5, amid volatility seen in the domestic equity market.

It opened 11 paise higher at 74.93 per dollar against previous close of 75.04 and traded in the range of 74.82-74.95.

At 14:27 IST, the Sensex was up 35.81 points or 0.10% at 37723.72, and the Nifty was up 19.20 points or 0.17% at 11114.50.

The dollar was under pressure on Wednesday from a towering euro and crumbling U.S. yields, as the latest coronavirus relief package got bogged down in Congress and investors braced for a bumpy ride to economic repair.

Gold surged past the $2,000 mark on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy while stocks on Wall Street ended higher as investors awaited more aid from Washington.