Finance
The rupee rose 17 paise to 82.17 against the US dollar on Friday, boosted by foreign capital inflows and a rally in domestic stocks.
Furthermore, easing global crude oil prices and rising appetite for riskier assets boosted the domestic currency, according to forex traders.
However, they added, a strong dollar against major rivals overseas ahead of US inflation data limited the rupee’s gains.
The domestic unit opened strong at 82.12 against the greenback on the interbank foreign exchange market, touching an intraday high of 82.09 and a low of 82.26.
The rupee rose 17 paise to 82.17 against the US dollar on Friday, boosted by foreign capital inflows and a rally in domestic stocks.
Furthermore, easing global crude oil prices and rising appetite for riskier assets boosted the domestic currency, according to forex traders.
However, they added, a strong dollar against major rivals overseas ahead of US inflation data limited the rupee’s gains.
The domestic unit opened strong at 82.12 against the greenback on the interbank foreign exchange market, touching an intraday high of 82.09 and a low of 82.26.
Brent crude futures fell 0.24 percent to USD 79.08 per barrel, the global oil benchmark.
According to exchange data, foreign institutional investors (FIIs) were net buyers in the capital market on Wednesday, purchasing shares worth Rs 1,245.39 crore.
Source:FE
