Rupee opens higher at 72.96 per dollar

Rupee opens higher at 72.96 per dollar

The Indian rupee opened higher at 72.96 per dollar on Thursday against Wednesday's close of 73.02, amid buying seen in the domestic equity market.

On January 20, the rupee ended at the day's high at 73.02 per dollar against the previous close of 73.17.

At 10:05 IST, the Sensex was up 286.05 points or 0.57% at 50,078.17, and the Nifty was up 81.10 points or 0.55% at 14,725.80.

The dollar held losses versus most major peers on Thursday as optimism that a massive U.S. stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven currencies.