Finance
The rupee rose 25 paise to 82.63 against the US dollar in early trade on Friday, as the US currency retreated from recent highs.
The domestic unit opened at 82.85 against the dollar on the interbank foreign exchange, then rose to 82.63, a 25-paise increase from its previous close.
The rupee fell 8 paise to 82.88 against the US dollar on Thursday.
The rupee was under pressure throughout Thursday’s session due to widespread dollar strength. However, there is some relief overnight, according to IFA Global Research Academy. “We expect it to trade sideways in the 82.50-82.80 range,” it added.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, dropped 0.22 percent to 112.67.
Brent crude futures rose 0.75 percent to USD 95.38 per barrel, the global oil benchmark.
The 30-share BSE Sensex was trading 9.85 points, or 0.02 percent, higher at 60,846.26 in the domestic equity market. Likewise, the NSE Nifty rose 10.85 points, or 0.06 percent, to 18,063.55.
According to exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Thursday, purchasing shares worth Rs 677.62 crore.
Source:BS
