Indian Rupee settles 4 paise higher at 73.48 against Greenback

The  Indian rupee closed 4 paise higher at 73.48 against the US dollar on the week ended Friday, tracking the broad weakness of the American currency in the overseas market. At the interbank forex market, the rupee opened flat at 73.49 against the USD. During the session, the domestic unit witnessed an intra-day high of 73.42 and a low of 73.55. In the previous session, the rupee had settled at 73.52 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12  percent to 92.82.

The  Brent crude futures, the global oil benchmark, fell 0.62  percent to USD 75.20 per barrel. Foreign institutional investors were net buyers in the capital market on Thursday as they purchased shares worth Rs.1,621.88 crore, as per exchange data.

On the domestic equity market front, the BSE Sensex ended 125.27 points or 0.21  percent lower at 59,015.89, while the broader NSE Nifty declined 44.35 points or 0.25  percent to finish at 17,585.15.

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