Rupee Gives Up Most Of Day's Gains, Ends At 74.89 Vs Dollar After RBI Move

After starting the day at 74.60, the rupee gained momentum to touch the 74.35 and 75.40 marks against the greenback at the strongest and weakest levels during the session, compared to its previous close of 75.16. The rupee settled with a gain of 27 paise (0.36 per cent) at 74.89 on Friday.  Besides lowering the repo and reverse repo rates by 75 basis points and 90 basis points respectively, the central bank reduced the cash reserv...