The rupee is set 2 paise lower at 74.09 against the US dollar

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The dollar index was up 0.22% to 90.80.

The Indian rupee snapped its four-day profitable streak and closed 2 paise lower at 74.09 (tentative) against the US dollar on Friday amid a lackluster development in the home inventory market.

In the interbank overseas change market, the native unit opened at 74.03 against the dollar and registered an intraday most of 73.95 and a minimal of 74.12.

It lastly ended at 74.09 against the US foreign money, registering a drop of 2 paise on its earlier shut.

On Thursday, the rupee closed at 74.07 against the US foreign money.

Meanwhile, the dollar index, which measures the power of the dollar against a basket of six currencies, rose 0.22% to 90.80.

On the home fairness market entrance, the BSE Sensex closed 983.58 factors or 1.98% lower at 48,782.36; whereas the broader NSE Nifty was down 263.80 factors or 1.77% to 14,631.10.

Futures for Brent crude, the world’s benchmark oil index, fell 1.21% to $ 67.73 a barrel.

Foreign institutional buyers have been internet consumers in the capital market, shopping for shares price Rs 809.37 crore on Thursday, in response to change information.

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