Rupee appreciated by six paise against the dollar

by Ana Lopez

(From Trade Representative)
MUMBAI: In the international exchange market, the dollar index continued to soften against some major currencies today, with the rupee falling against the dollar in the local forex market, with a modest six paise improvement to close at 82.70. However, recovery in the ruya remained limited as domestic equity markets continued to soften and foreign institutional investors continued to sell in equities, sources said.
According to market instruments, the rupee opened at a high of 82.68 against yesterday’s close of 82.68 on a correction tone against the dollar today, after trading in the lower 82.80 and upper 82.62 ranges during the session, and finally settled at 82.70, a modest improvement of six paise from yesterday’s close. .
According to sources, today in the global market, the dollar index fell by 0.08 percent from yesterday’s close to be quoted around 103.54 dollars, which supported the rupee’s correction. However, with Brent crude oil futures quoting around $82.36 per barrel up 1.69 percent from yesterday’s close, the domestic equity market was buoyed by losses of 220.86 points and 43.10 points in the BSE benchmark Sensex and NSE benchmark Nifty, respectively, and yesterday. In the domestic equity market, foreign institutional investors have invested Rs. The improvement in the rupee was limited with net sales at 1218.14 crores.

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