The rupee strengthened by 9 paise to close at 73.24 against the US dollar on Thursday, supported by positive domestic equities and weak American currency.

At the interbank forex market, the rupee traded in a narrow range. It opened at 73.29 against the American currency and gained further ground to finally settle at 73.24, up 9 paise from its previous close of 73.33.This is the second consecutive session of gain for the rupee.

During the session, the domestic unit witnessed an intra-day high of 73.22 and a low of 73.35 against the US dollar. Traders said investors are cautious ahead of the RBI Monetary Policy Committee (MPC) decision on Friday.

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