The fluctuating saga of the rupee sees a slight improvement as it closes at 71.95 against the dollar

The fluctuating saga of the rupee sees a slight improvement as it closes at 71.95 against the dollar

The rupee made a slight recovery as it rose by 4 paisa to trade at 71.95 against the US dollar during early times of trade. The positive recovery is in contrast to the trend in the past weeks that saw the currency fall rapidly and steadily. Meanwhile, the rupee traded at 19.56 against the dirham.

In view of persisting fears that President Trump could delve into trade issues with Japan, the American currency registered a slight weakness against some global currencies. The performance of the dollar abroad has lent a measure of support to the rupee but certain losses in domestic equities did not make the investors too happy.

The benchmark Sensex fell to 38,077.09, a decline of 165.72 points or 0.43 per cent. On Thursday the rupee had dropped to an all-time low of 72.11 against the US dollar. It closed at 71.99 falling by 24 paise.