The Indian rupee appreciated 12 paise to 75.25 against the US dollar (20.5 versus the UAE dirham) at the opening of the market on Thursday, buoyed by heavy buying in the Indian equities and fresh foreign fund inflows.

Weakness in the dollar also helped the rupee but higher crude prices restrained the South Asian currency’s gains, forex dealers said.

At the Indian interbank foreign exchange, the rupee opened strong at 75.27 against the US dollar, then gained further ground to 75.25, registering a rise of 12 paise against the previous close.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.03 per cent to 94.05. While global oil benchmark Brent crude futures rose 0.70 per cent to $83.76 per barrel.

On Thursday, the BSE Sensex was trading 327.18 points or 0.54 per cent higher at 61,064.23, while the broader NSE Nifty surged 114.05 points or 0.63 per cent to 18,275.80.

(with inputs from PTI)

 

Copyright © 2021 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.