Rupee opens 6 paise lower at 73.70 per dollar

Rupee opens 6 paise lower at 73.70 per dollar

The Indian rupee opened 6 paise lower at 73.70 per dollar on September 16 as the greenback steadied against its global peers after slipping slightly ahead of the US Fed policy outcome.

Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted US offshore oil and gas production and an industry report showed a big drop in US crude stockpiles, reported Reuters.

The Indian currency had settled 16 paise lower at 73.64 against the US dollar on September 15 even as the domestic equity market logged healthy gains.