Going ahead the rupee can be in range of 72.75-73.25, says Jateen Trivedi, Senior Research Analyst at LKP Securities.
Indian rupee erased the intraday losses and ended at day’s high at 72.91 per dollar, amid buying seen in the domestic equity market.
It opened 8 paise lower at 73.16 per dollar against previous close of 73.08 and traded in the range of 72.90-73.18.
At close, the Sensex was up 382.95 points or 0.74% at 52232.43, and the Nifty was up 114.20 points or 0.73% at 15690.40.
“Rupee traded weak towards 73.20 from 72.85, in the first half of day, the manufacturing index in the US provided crude positive trend which kept rupee on a weak note. Going ahead the rupee can be in range of 72.75-73.25,” said Jateen Trivedi, Senior Research Analyst at LKP Securities.
The US dollar was wavering above major support levels on Thursday, as traders awaited a batch of US economic data that could set the tone at central bank meetings later this month.
