Finance
The rupee rose against the US dollar in early trade on Thursday, owing to a weak greenback in overseas markets and early gains in domestic equity markets.
According to forex dealers, the rupee’s gains were limited by firm crude oil prices and forex outflows from capital markets.
The rupee opened higher in the interbank foreign exchange market, at 82.78 to the dollar, compared to the previous close of 82.84.
The domestic currency rose further, reaching a high of 82.73 before trading at 82.74 at 0930 hrs, up 10 paise from the previous close.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.28 percent to 103.87.
Brent crude futures, the global oil benchmark, rose 0.45 percent to USD 82.57 per barrel.
The 30-share BSE Sensex advanced 397.14 points to 61,464.38, while the NSE Nifty advanced 119.65 points to 18,318.75.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, selling shares worth Rs 1,119.11 crore.
Source:BS
