Rupee Closes At 3-Week High Of 73.16 Against Dollar: 10 Things To Know

The rupee had opened higher at 73.18 against the American currency on Wednesday, sharply higher than its previous close of 73.57. Suspected intervention by the Reserve Bank of India (RBI) in the forex market helped the rupee rise to 73 levels against the greenback, say analysts.  “RBI providing support to the rupee around the 74/dollar mark means that the rupee could hover in the range of 73 to 74 for the time being,” Jaikishan P...