Rupee gains 5 paise to close at 81.92 against U.S. dollar
The Hindu
During the trading session, the rupee touched a high of 81.62 and a low of 81.95 against the dollar
The rupee appreciated by 5 paise to close at 81.92 (provisional) against the U.S. dollar on March 6, as a positive trend in domestic equities and fresh foreign fund inflows boosted investor sentiments.
At the interbank foreign exchange market, the local unit opened at 81.85 against the American currency and finally settled at 81.92 (provisional) against the greenback, registering a gain of 5 paise over its previous close of 81.97.
During the trading session, the rupee touched a high of 81.62 and a low of 81.95 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06% to 104.58.
Global oil benchmark Brent crude futures declined 0.77% to $81.17 per barrel.
The Indian rupee touched a fresh one-month high of 81.62 on extended rally in the domestic markets and fresh foreign inflows. Positive Asian currencies also supported the domestic currency, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.
"We expect the rupee to trade with a slight positive bias on the rise in risk appetite in global markets and a soft dollar. Overall weak tone in crude oil and FII inflows may also support rupee," Choudhary said.