Finance
The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments.
However, fresh foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said.
At the interbank forex market, the local unit opened weak at 82.80 against the greenback and witnessed an intra-day high of 82.57 and a low of 82.80.
It eventually closed at 82.69 against the US dollar, up 6 paise from its previous close of 82.75.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.44 percent to 104.24.
The BSE Sensex finished 468.38 points or 0.76 percent higher at 61,806.19, while the broader NSE Nifty advanced 151.45 points or 0.83 percent to 18,420.45.
Brent crude futures, the global oil benchmark, advanced 1.10 per cent to USD 79.91 per barrel.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital markets on Friday, offloading shares worth Rs 1,975.44 crore.
After investing over Rs 36,200 crore in Indian equities last month, foreign investors have injected a net Rs 10,555 crore in Indian equities so far in December, as oil prices have stabilized and US inflation has moderated.
Source:FE
