Indian rupee ends lower at 74.71 per dollar

11 July, 2021 12:00 AM printer

NEW DELHI: Indian rupee ended 10 paise lower at 74.71 per dollar, amid selling saw in the domestic equity market.

It opened 20 paise lower at 74.81 per dollar against previous close of 74.61 and traded between 74.65-74.84, report agencies.

At close, the Sensex was down 485.82 points or 0.92 per cent at 52,568.94, and the Nifty was down 151.80 points or 0.96 per cent at 15,727.90.

The dollar traded near its highest in three months versus major peers on Thursday after minutes of the Federal Reserve’s June policy meeting confirmed the world’s biggest central bank is moving toward tapering its asset purchases as soon as this year.

Oil prices fell for a third day on Thursday amid anxiety that supply may rise after the collapse this week of talks among major producers, potentially causing the current output agreement to be abandoned.