Rupee vs Dollar today: Indian currency rises by 10 paise against $
At the interbank foreign exchange market, the rupee opened higher at 82.78 to a dollar against the previous close of 82.84.
The rupee strengthened against the US dollar in opening trade on Thursday due to a weak greenback in the overseas markets and early gains in domestic equity markets.
Firm crude oil prices and forex outflows from capital markets, however, restricted the rupee's gains, according to forex dealers.
At the interbank foreign exchange market, the rupee opened higher at 82.78 to a dollar against the previous close of 82.84.
The domestic unit appreciated further to hit a high of 82.73 before trading at 82.74 at 0930 hrs, showing gains of 10 paise over the previous close.
ALSO READ | Stocks to buy: Federal Bank, Devyani International among 5 shares for 64% return
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.28 per cent to 103.87.
Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 82.57 per barrel.
In the domestic equity market, the 30-share BSE Sensex rose by 397.14 points to 61,464.38 while NSE Nifty advanced 119.65 points to 18,318.75.
Foreign institutional investors (FIIs) turned net sellers in the capital markets on Wednesday as they sold shares worth Rs 1,119.11 crore, according to exchange data.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Liquor stock under Rs 300: Can this smallcap scrip double your money in 1-2 years? Check targets by Anil Singhvi
10:08 AM IST