Rupee rises 4 paise to close at 82.43 against U.S. dollar
The Hindu
The rupee gained 4 paise to settle at 82.43 (provisional) against the U.S. dollar on June 12, supported by easing crude oil prices and a positive trend in domestic equities.
The rupee gained 4 paise to settle at 82.43 (provisional) against the U.S. dollar on June 12, supported by easing crude oil prices and a positive trend in domestic equities.
At the interbank foreign exchange market, the local unit opened at 82.45 against the U.S. dollar and settled at 82.43 (provisional), up 4 paise over its previous close.
During the day, the domestic unit witnessed an intra-day high of 82.40 and a low of 82.48.
On Friday, the rupee closed at 82.47 against the U.S. currency.
The rupee traded on a flat to positive note on Monday on positive domestic markets and weakness in U.S. Dollar. Weak crude oil prices also supported the domestic unit, said Anuj Choudhary - Research Analyst, Sharekhan by BNP Paribas.
However, FII outflows capped sharp gains.
Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they offloaded shares worth ₹308.97 crore, according to exchange data.
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