Rupee gains 40 paise; touches 73.90 against dollar after RBI Guv comments

Rupee gains 40 paise; touches 73.90 against dollar after RBI Guv comments

The rupee gained sharply in afternoon trade and touched 73.90 against the US dollar on Thursday after RBI Governor Shaktikanta Das said the central bank has not exhausted its ammunition to deal with the current situation due to the coronavirus pandemic. The rupee rose 40 paise from its closing level of 74.30 on Wednesday.

In the morning trade on Thursday, it had touched 74.36 against the American currency.