The rupee rose by 29 paise to close at 74.07 against the US dollar on Thursday, extending gains for the fourth straight session amid a positive trend in domestic equities.
At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day high of 73.94 and a low of 74.23. It finally ended at 74.07 against the American currency, registering a rise of 29 paise over its previous closing. On Wednesday, the rupee had settled at 74.36.
This is the fourth straight session of gain for the rupee, during which it has appreciated by 94 paise. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09 per cent to 90.69.
