Indian rupee ends lower at $73.30

6 April, 2021 12:00 AM printer

NEW DELHI: Indian rupee ended 19 paise lower at 73.30 per dollar, amid selling saw in the domestic equity market on the back of worries over rising COVID-19 cases in India.

It opened lower at 73.44 per dollar against Wednesday’s close of 73.11 and traded in the range of 73.28-73.46, report agencies.

India reports 1,03,558 new COVID-19 cases, 52,847 discharges, and 478 deaths in the last 24 hours, as per the Union Health Ministry.

At close, the Sensex was down 870.51 points or 1.74% at 49,159.32, and the Nifty was down 229.60 points or 1.54% at 14,637.80.

The currency market remained shut on April 1 (Thursday) for annual bank closing and on April 2 (Friday) on account of Good Friday.

As the Dollar index has retraced from fresh four-month’s high with Call writing positions intact in OTM strikes. We feel a marginal retracement towards 73 levels could be possible in the USDINR pair, said ICICI Direct.