An aggressive international trade lobbying is required to actively promote Rupee trade with dominant economies

Besides, unabated foreign fund outflows and fluctuations in international crude prices weighed on investor sentiments, forex traders said.

ICICI Direct, The US dollar retreated from its high amid a decline in US treasury yields.

At the interbank foreign exchange, the rupee opened at 76.41 against the American dollar, then gained further ground to quote at 76.31, registering a rise of 19 paise from the last close.

ICICI Direct, The US dollar rallied amid surge in US treasury yields and hawkish statement from Fed officials.

At the interbank foreign exchange, the rupee opened at 76.34 against the American dollar, then lost ground to quote at 76.35, registering a fall of 6 paise from the last close.

ICICI Direct, The pound depreciated by 0.37% yesterday amid strong dollar and as world bank slashed its global growth outlook.

Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy.

ICICI Direct, The US dollar surged amid risk aversion in global markets and rise in US treasury yields.