Indian rupee ends lower at $73

6 June, 2021 12:00 AM printer

Indian rupee ended lower at 73 per dollar, amid selling saw in the domestic equity market after RBI kept the key rates unchanged.

It opened lower at 73.02 per dollar against Thursday’s close of 72.91 and traded in the range of 72.95-73.12, report agencies.

Reserve Bank of India (RBI) has kept the repo rate unchanged at 4 percent and reverse repo rate unchanged at 3.35% with accommodative monetary policy stance.

At close, the Sensex was down 132.38 points or 0.25% at 52,100.05, and the Nifty was down 20.10 points or 0.13% at 15,670.30.

Oil prices dropped on Friday as concerns about the patchy roll-out of anti-coronavirus vaccinations around the globe tempered optimism earlier in the week that demand for fuels was recovering from the depths of the pandemic.

Gold prices languished near two-week lows on Friday and looked set for their worst week in three months after robust U.S. economic data boosted the dollar and bond yields, ahead of much awaited May non-farm payroll numbers.