The Indian rupee settled 10 paise lower at 71.81 against the US dollar on Wednesday, tracking weak Asian currencies and strengthening of the greenback overseas.
However, the decline in the domestic unit was capped by a rally in domestic stocks, forex traders said.
At the interbank foreign exchange market, the domestic currency opened weak at 71.80, then went on to hit a low of 71.91 against the US dollar during the day.
It, however, clawed back some of its lost ground to finally finish at 71.81, showing a fall of 10 paise over its previous close.
On Tuesday, the local unit had settled at 71.71 against the greenback.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app