Finance
In early trade on Friday, the rupee reversed a four-day losing streak and rose 25 paise to 82.51 against the US dollar, reflecting positive trends in both domestic and global equity markets.
The domestic unit opened stronger at 82.50 against the US dollar on the interbank foreign exchange before falling to 82.54. Later, it rose marginally to 82.51, representing a 25-paise gain.
The rupee fell for the fourth day in a row on Thursday, closing at 82.76 against the US dollar.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.28 percent to 104.12.
Brent crude futures rose 1.10 percent to USD 75.12 per barrel, the global oil benchmark.
The BSE Sensex was up 410.04 points, or 0.71 percent, at 58,044.88 points, while the NSE Nifty was up 117.20 points, or 0.69 percent, at 17,102.80 points.
Lifelines for troubled people Despite concerns about the global banking system’s health, US and European banks boosted investor sentiment.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital market on Thursday, offloading shares worth Rs 282.06 crore.
Source:BS
