Finance
The rupee recovered early losses to settle 4 paise higher at 82.02 (provisional) against the US dollar on Friday, tracking the American currency’s weakness in the international market.
The local currency opened at 82.12 against the US dollar on the interbank foreign exchange market and eventually closed at 82.02 (provisional) against the greenback, up 4 paise from its previous close of 82.06.
Against the dollar, the rupee reached a high of 81.99 and a low of 82.14 during the session.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.08 percent to 105.22.
Brent crude futures fell 0.59 percent to USD 81.11 per barrel, the global oil benchmark.
The dollar fell from a three-month high due to weak US markets and disappointing weekly jobless claims data, which increased to 2,11,000 from 1,90,000 the week before.
On the domestic equity front, the 30-share BSE Sensex fell 671.15 points, or 1.12%, to 59,135.13, while the broader NSE Nifty fell 176.70 points, or 1%, to 17,412.90.
Sourcde:FEE
