Rupee up 14 paise to 81.54 per dollar amid firm trend in domestic equities

Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias

Indian rupee, rupee, rupee vs dollar
Photo: Bloomberg
Press Trust of India Mumbai
2 min read Last Updated : Jan 12 2023 | 10:17 AM IST

The rupee gained 14 paise to 81.54 against the US dollar in early trade on Thursday supported by broad dollar weakness and a firm trend in domestic equities.

Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias.

At the interbank foreign exchange, the domestic unit opened at 81.54 against the dollar, registering a rise of 14 paise over its previous close.

In initial trade, the local unit also touched an early low of 81.66 against US dollar.

On Wednesday, the rupee settled at 81.68 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 103.08.

Brent crude futures, the global oil benchmark, rose 0.06 per cent to USD 82.72 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 117.7 points or 0.20 per cent higher at 60,223.20. The broader NSE Nifty advanced 33.25 points or 0.19 per cent to 17,928.95.

Foreign Institutional Investors (FIIs) were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 3,208.15 crore, according to exchange data.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Indian rupeeRupee vs dollarIndian Economy

First Published: Jan 12 2023 | 10:17 AM IST

Next Story