Finance
On Friday, the rupee gained 10 paise to close at 82.28 (provisional) against the US dollar, tracking the weakening of the American currency in the international market.
Forex traders said that weak domestic equities and foreign fund outflows dampened investor sentiment and limited gains.
The local currency opened at 82.30 against the US dollar on the interbank foreign exchange market, reaching an intraday high of 82.08 and a low of 82.33.
It eventually settled at 82.28, up 10 paise from its previous close of 82.38.
Forex traders said investors were looking forward to the results of a slew of central bank meetings next week for more clues on the pace of rate hikes.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.06 percent to 104.71.
Brent crude futures rose 1.22 percent to USD 77.08 per barrel, the global oil benchmark.
The 30-share BSE Sensex fell 389.01 points, or 0.62 percent, to end at 62,181.67, while the broader NSE Nifty fell 112.75 points, or 0.61 percent, to 18,496.60.
According to exchange data, Foreign Institutional Investors (FIIs) continued to be net sellers in the capital markets on Thursday, offloading shares worth Rs 1,131.67 crore.
Source:FE
