Finance
In early trade today, the rupee rose 13 paise to 81.82 against the US dollar, boosted by foreign fund inflows.
The domestic unit opened at 81.93 against the dollar on the interbank foreign exchange, then rose to 81.82, a 13-paise increase from its previous close.
The rupee closed at 81.95 against the US dollar on Wednesday.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.2% to 105.63.
Overall, higher US bond yields and risk-off-tilted equity sentiment are laying the groundwork for a stronger USD, according to CR Forex Advisors MD Amit Pabari, who added that FDI and FPIs have kept the rupee afloat.
According to exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital market on Wednesday, purchasing shares worth Rs. 3,671.56 crore.
On Thursday, Brent crude futures, the global oil benchmark, rose 0.02 percent to USD 82.66 per barrel.
The 30-share BSE Sensex fell 131.61 points, or 0.22 percent, to 60,216.48 points on Thursday in the domestic equity market. The NSE Nifty fell 33.30 points, or 0.19 percent, to 17,721.10 points.
Source:BS
