Rupee closes at 72.51 against dollar

The Indian currency once again breached the 72-mark to hit a low of 72.69 (intra-day) against the US dollar.

Rupee closes at 72.51 against dollar

New Delhi: The rupee on Monday ended marginally higher by closing at 72.51 against dollar at the forex market.

The Indian currency once again breached the 72-mark to hit a low of 72.69 (intra-day) against the US dollar.

To stop further depreciation of rupee and widening of current account deficit (CAD), the government last week took five measures and a broad policy decision to curb non-essential imports and increase exports.

On Friday, the rupee had gained 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency.