Rupee rises 13 paise to settle at 73.29 on weaker US dollar today

The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market.

At the interbank forex market, the local unit opened at 73.41 against the greenback and witnessed an intra-day high of 73.22 and a low of 73.41.

It finally ended at 73.29 against the American currency, registering a rise of 13 paise over its previous closing.

On Wednesday, the rupee had settled at 73.42 against the American currency.

The forex market was closed on Thursday on account of Id-Ul-Fitr.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 90.54.

Brent crude futures, the global oil benchmark, rose 1 per cent to USD 67.72 per barrel.

On the domestic equity market front, the BSE Sensex ended 41.75 points or 0.86 per cent higher at 48,732.55, while the broader NSE Nifty declined 18.70 points or 0.13 per cent to 14,677.80.

Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 1,260.59 crore, as per exchange data.