Finance
Following a weak dollar in global markets, the rupee rose 20 paise to 81.50 against the US dollar in morning trade on Wednesday.
However, early losses in domestic stock markets and a rebound in oil prices limited the rupee’s gains.
The rupee opened higher at 81.62 on the interbank foreign exchange and rose to a high of 81.49 in morning trade.
At 0950 hrs, the rupee was trading at 81.50 to the dollar. On Tuesday, the local currency fell to 81.70.
The US dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.04 percent to 101.88.
Brent crude was down 0.43 percent at USD 86.48 per barrel, while the oil for the Indian basket traded down 2.69 per cent at USD 79.98 per barrel.
On the domestic front, the 30-share BSE Sensex fell 268 points, or 0.44 percent, to 60,709.93. The broader NSE Nifty fell 90.25 points, or 0.5%, to 18,028.05.
According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Tuesday, selling shares worth Rs 760.51 crore.
On the domestic front, the 30-share BSE Sensex fell 268 points, or 0.44 percent, to 60,709.93. The broader NSE Nifty fell 90.25 points, or 0.5%, to 18,028.05.
According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Tuesday, selling shares worth Rs 760.51 crore.
Source:BS
