The rupee appreciated by 25 paise to 81.81 against the US dollar in early trade today on positive sentiments in the domestic equity market and weakening of the dollar against major currencies.
At the interbank foreign exchange, the domestic unit opened at 81.78 against the dollar and declined to 82.06. It later closed at 81.81, registering a gain of 25 paise over its previous close.
On Friday, the rupee had closed at 82.06 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.77 per cent to 103.78.
Global oil benchmark Brent crude futures rose 0.30 per cent to $83.03 a barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 262.24 points, or 0.44 per cent, higher at 59,397.37. The broader NSE Nifty rose 79.50 points, or 0.46 per cent, to 17,492.40.
Investors are watching the developments after the collapse of Silicon Valley Bank in the US.
On Sunday, the US Federal Reserve on Sunday announced a new emergency lending program to shore up the banking system’s capacity and against the backdrop of the Silicon Valley bank crisis, some analysts also expect the Federal Reserve to consider raising interest rates. may also proceed at a slower rate. To curb inflation.
Foreign institutional investors (FIIs) were net sellers in the capital market on Friday, selling shares worth Rs 2,061.47 crore, according to exchange data.
(Except for the headline, this story has not been edited by Our Source staff and is published from a syndicated feed.)
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