Finance
The rupee gained 30 paise against the US dollar on Thursday, closing at 81.63 (provisional) as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment.
According to forex traders, the dollar fell in international trade following weak US data and dovish Fed minutes. The local currency opened at 81.72 against the US dollar on the interbank foreign exchange market, reaching an intraday high of 81.60 and a low of 81.77.
The local unit eventually settled at 81.63, up 30 paise from its previous close. The rupee fell 26 paise against the US dollar on Wednesday, closing at 81.93.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.19 percent to 105.87. Brent crude futures fell 0.32 percent to USD 85.14 per barrel, the global oil benchmark.
The 30-share BSE Sensex gained 762.10 points, or 1.24 percent, to end at 62,272.68, while the broader NSE Nifty gained 216.85 points, or 1.19 percent, to 18,484.10 on the domestic equity market front.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, offloading shares worth Rs 789.86 crore.
Source:FE
