Rupee recovers by 13 paise; ends 2-day losing streak

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Snapping its two-day losing streak, the rupee strengthened by 13 paise to settle at 73.33 against the US dollar on Wednesday, aided by foreign fund inflows and positive domestic equities. At the interbank forex market, the domestic unit opened at 73.53 against the US dollar, and moved in a range of 73.29 and 73.55.  It finally finished at 73.33, registering a rise of 13 paise over its last close of 73.46 against the greenback.Traders said investors are focusing on the RBI’s Monetary Policy Committee (MPC) meeting.

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