Finance
The rupee gained 30 paise against the US dollar on Wednesday, closing at 82.02 (provisional) as heavy buying in domestic equities boosted investor sentiment.
Foreign capital inflows and rising risk appetite also aided the domestic currency, according to forex dealers.
The local currency opened strong at 82.08 against the US dollar on the interbank foreign exchange market, reaching an intraday high of 81.92 and a low of 82.20.
It eventually settled at 82.02 (provisional), up 30 paise from its previous close.
The rupee closed at 82.32 against the dollar in the previous session on Monday.
On Tuesday, the forex market was closed due to “Mahavir Jayanti.”
The dollar index, which measures the strength of the US currency against a basket of six currencies, rose 0.10 percent to 101.36.
The 30-share BSE Sensex gained 582.87 points, or 0.99 percent, to end at 59,689.31, while the broader NSE Nifty gained 159 points, or 0.91 percent, to 17,557.05.
Brent crude futures fell 0.08 percent to USD 84.87 per barrel, the global oil benchmark.
According to exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday, purchasing shares worth Rs 321.93 crore.
Source:FE
