The rupee depreciated 15 paise against the US dollar on Friday, August 20, to reach 74.39 (provisional), following a muted trend in domestic equities and a stronger US currency in the overseas market. In the interbank currency market, the local unit opened lower at 74.38 against the dollar, reaching an intra-day high of 74.38 during the session. It witnessed a low of 74.47. During an early trading session, the domestic unit fell 16 paise to 74.40 against the greenback.
On Wednesday, August 18, the domestic unit settled at 74.24 against the US currency. The forex market was closed on Thursday due to Muharram. Meanwhile, the dollar index, which measures the dollar’s strength against a basket of six currencies, traded 0.09 percent higher at 93.65.