Rupee gains 34 paise to close at 81.38 against U.S. dollar
The Hindu
Global oil benchmark Brent crude futures advanced 2.13% to $84.80 per barrel
The rupee appreciated 34 paise to close at 81.38 (provisional) against the U.S. dollar on November 30 as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment.
At the interbank foreign exchange market, the local unit opened at 81.63 and touched an intra-day high of 81.38 and a low of 81.64 against the greenback.
The local unit finally settled at 81.38, registering a rise of 34 paise over its previous close.
On Tuesday, the rupee declined 4 paise to close at 81.72 against the U.S. dollar.
The Indian rupee registered the first monthly gains in the past eleven-months following a rebound in the risk assets, lower crude oil prices and foreign fund inflows, said Dilip Parmar, Research Analyst, HDFC Securities.
"It is poised to end the month 1.6% higher, its biggest gain since August 2021," Mr. Parmar said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.29% to 106.51.
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