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Rupee strengthens against US dollar on Wednesday
Jul-28-2021

Indian rupee strengthened against the US dollar on Wednesday even as the US Fed decision due later in the day. Moreover, lingering concerns over the new delta variant of coronavirus and sustained foreign fund outflows kept the local currency under pressure. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 1,459.08 crore, as per exchange data.

The partially convertible currency is currently trading at 74.41, stronger by 6 paise from its previous close of 74.47 on Tuesday. The currency touched a high and low of 74.4900 and 74.3925 respectively.


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