The rupee rallied 73 paise to breach the 73-mark against the US dollar on Tuesday, supported by liquidity-boosting measures announced by the RBI. A weak greenback overseas and a positive trend in the equity markets further supported the local currency, forex traders said.At the interbank forex market, the domestic unit opened at 73.18 against the US dollar and shuttled between 72.75 and 73.19.
It finally finished at 72.87, up 73 paise from its previous close of 73.60.The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.25 per cent lower at 91.91. The Reserve Bank on Monday announced a host of steps, including term repo operations totalling Rs 1 lakh crore in mid-September to ease pressure on liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth.