Finance
On Friday, the rupee closed 8 paise higher at 81.62 (provisional) against the US dollar, reflecting broad dollar weakness and improved risk sentiment.
Forex traders said the local currency was supported by positive domestic equities and foreign fund inflows.
The local currency opened at 81.69 against the US dollar on the interbank foreign exchange market, reaching an intraday high of 81.44 and a low of 81.71.
The local unit eventually settled at 81.62, up 8 paise from its previous close.
The rupee gained 23 paise against the US dollar on Thursday, closing at 81.70.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.11 percent to 105.96.
Brent crude futures rose 1.70 percent to USD 86.79 per barrel, the global oil benchmark.
The 30-share BSE Sensex gained 20.96 points, or 0.03 percent, to end at 62,293.64, while the broader NSE Nifty gained 28.65 points, or 0.15 percent, to 18,512.75.
According to exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Thursday, purchasing shares worth Rs 1,231.98 crore.
Source:FE
