Rupee drops 5 paise to close at 74.24 against dollar

Updated: Aug 25 2021 4:03PM

Mumbai, Aug 25 (PTI) The rupee on Wednesday declined by 5 paise to close at 74.24 (provisional) against the US currency due to a stronger dollar in the overseas markets.

At the interbank foreign exchange market, the domestic currency opened flat at 74.20 and later dropped to a low of 74.30 in the day trade.

On Tuesday, the rupee had settled at 74.19 against the US dollar.