Finance
The rupee gained 32 paise against the US dollar on Thursday, closing at 82.50 (provisional) against the greenback.
Forex traders said the currency was helped by factors such as strong Asian peers and crude oil prices trading below USD 80 per barrel.
However, persistent outflows of foreign funds and a weak trend in domestic equities dampened investor sentiment.
The local currency opened at 82.75 against the US dollar on the interbank foreign exchange market, reaching an intraday high of 82.50 and a low of 82.80.
It eventually closed at 82.50 (provisional), up 32 paise from its previous close.
The rupee recovered from its all-time low on Wednesday, closing at 82.82 against the dollar.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.06 percent to 104.18.
The December Federal Open Market Committee (FOMC) minutes had little impact on the forex market because they contained no new information, he added.
The 30-share BSE Sensex fell 304.18 points, or 0.50 percent, to end at 60,353.27, while the broader NSE Nifty fell 50.80 points, or 0.28 percent, to 17,992.15.
Brent crude futures rose 2.62 percent to USD 79.88 per barrel, the global oil benchmark.
On Wednesday, foreign institutional investors (FIIs) were net sellers in the capital markets, offloading their shares worth Rs 2,620.89 crore, according to exchange data.
Source:BS
