Rupee gains 7 paise to 79.92 against U.S. dollar in early trade
The Hindu
In the previous session, the rupee had closed at an all-time low of 79.99 against the dollar
The rupee appreciated 7 paise to 79.92 against the U.S. dollar in early trade on Friday as a firm trend in domestic equities and fresh foreign fund inflows strengthened investor sentiment.
However, a strong greenback in the overseas markets capped the gains of the local unit, forex traders said.
At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals, registering a gain of 7 paise over the last close.
In the previous session, the rupee had closed at an all-time low of 79.99 against the greenback.
The local currency was moving in a range of 79.95 and 79.88 in the morning trade.
On the domestic equity front, the 30-share Sensex was trading 282.93 points or 0.53% higher at 53,699.08, while the broader NSE Nifty advanced 82.95 points or 0.52% to 16,021.60.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.03% to 108.57.