Rupee drops 20 paise to 73.47 against US dollar

PTI|   Oct 26, 2018, 08.37 PM IST

Mumbai: The rupee depreciated by 20 paise to close at 73.47 against the US dollar Friday amid a strengthening greenback and sustained foreign capital outflows.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 73.44 and further slipped to hit an intra-day low of 73.47 against the US currency.

The local unit gained some ground to reach 73.28 during the day. However, it finally settled at 73.47, showing a loss of 20 paise over the previous close.

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