Rupee appreciates 25 paise to 82.51 against US dollar

Rupee appreciates 25 paise to 82.51 against US dollar

The dollar index was down 0.28 per cent at 104.12. (file)


The rupee reversed a four-day losing streak and appreciated 25 paise to 82.51 against the US dollar in early trade on Friday amid positive trends in domestic as well as global equity markets.

At the interbank foreign exchange, the domestic unit opened higher at 82.50 against the US dollar and declined further to 82.54. Later, it traded marginally higher at 82.51, registering a gain of 25 paise.

On Thursday, the rupee fell for the fourth day in a row and closed at 82.76 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was 0.28 per cent lower at 104.12.

Global oil benchmark Brent crude futures rose 1.10 per cent to $75.12 a barrel.

The 30-share BSE Sensex was trading 410.04 points, or 0.71 per cent, higher at 58,044.88, while the broader NSE Nifty was up 117.20 points, or 0.69 per cent, at 17,102.80.

A lifeline for troubled US and European banks amid concerns about the health of the global banking system boosted investor sentiment.

Foreign institutional investors (FIIs) were net sellers in the capital market on Thursday, selling shares worth Rs 282.06 crore, according to exchange data.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


Your email address will not be published. Required fields are marked *