Rupee rises 9 paise to 82.31 against US dollar in early trade
The Hindu
The rupee gained 9 paise to 82.31 against the US dollar in early trade on March 27 amid a weak dollar and a positive trend in domestic equities
The rupee gained 9 paise to 82.31 against the US dollar in early trade on March 27 amid a weak dollar and a positive trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened at 82.36 against the dollar, then climbed to 82.31, registering a rise of 9 paise over its previous close.
On March 24, the rupee closed at 82.40 against the US currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11% to 103.
Brent crude futures, the global oil benchmark, advanced 0.04% to $75.02 per barrel.
In the domestic equity market, the 30-share BSE Sensex advanced 220.99 points or 0.38% to 57,748.09 points. The broader NSE Nifty gained 76.10 points or 0.45% to 17,021.15 points.
Foreign Institutional Investors (FIIs) were net sellers in the capital market on March 24 as they offloaded shares worth ₹1,720.44 crore, according to exchange data.
The decline in India’s net foreign direct investment (FDI) inflows, which have dropped almost 31% to $25.5 billion over the first ten months of 2023-24, is in line with the slowdown in such investments to developing countries, the Finance Ministry has said, while holding out hope for an uptick in investments this year.