Comments
The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets.
At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last close.
In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar.
Also see: Sensex surges over 350 pts in early trade; Nifty above 17,300
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.05 per cent higher at 96.01. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 446.07 points or 0.77 per cent higher at 58,240.39, while the broader NSE Nifty advanced 143.40 points or 0.83 per cent to 17,347.35.
Global oil benchmark Brent crude futures fell 0.39 per cent to $79.22 per barrel.
Foreign institutional investors were net sellers in the capital market on Thursday, as they offloaded shares worth ₹986.32 crore, as per exchange data.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.