Rupee rises 8 paise to end at ₹81.53 against US dollar
The Hindu
Heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency
The rupee appreciated 8 paise to close at ₹81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas.
However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said.
At the interbank foreign exchange market, the rupee opened stronger at ₹81.51 to a dollar. The local unit moved in the range of ₹81.50 to ₹81.67 during the day.
It finally settled at ₹81.53, a rise of 8 paise against the previous close of ₹81.61.
On Wednesday, the rupee had slipped 2 paise against the US dollar.
The currency markets were closed on Thursday on account of Republic Day.
Meanwhile, the U.S. dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02% to 101.82 after positive macroeconomic data released by the US government on Thursday.
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