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Rupee rises to near 76 against US dollar today

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The rupee today strengthened today against the US dollar as an improvement in global risk sentiment lifted emerging market currencies.

Opening at 76.17 per US dollar, the rupee rose to 76.05 at day's high. The rupee last traded at 76.22 per USD as compared to previous close of 76.46.

Most Asian currencies firmed on Monday as the Bank of Japan announced more stimulus steps to cushion the economic impact of the coronavirus, while hopes for further help from other major central banks also underpinned sentiment.

The dollar index, which gauges the greenback's strength against the basket of six currencies, was trading 0.40% down at 99.97.

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Recovered: 0
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