TEST: Brokerages mixed on Avenue Supermarts post Q1 results; here's what

Brokerages mixed on Avenue Supermarts post Q1 results; here's what TEST: Brokerages mixed on Avenue Supermarts post Q1 results; here's what

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