Rupee gains 4 paise to 82.29 against the US dollar

Against the US dollar, the rupee appreciated 4 paise to 82.29 on Friday, supported by a weak greenback in the overseas market and positive domestic stocks. New inflows of foreign capital into the capital markets also bolstered sentiment, forex traders said.

On interbank currencies, the domestic unit opened weakly at 82.39 against the dollar, then gained to trade at 82.29, registering a 4 paise increase from the previous close.

The domestic unit moved within a narrow range of 82.39-82.29 in early deals.

In the previous session on Thursday, the rupee jumped 48 paise to close at 82.33 against the dollar.

The dollar index, which measures the dollar’s strength against a basket of six currencies, fell 0.23 percent to 110.35.

In the domestic stock market, the 30-share BSE Sensex traded 220.59 points or 0.37 percent higher at 59,977.43. Similarly, the broader NSE Nifty rose 60.50 points or 0.34 percent to 17,797.45.

Foreign institutional investors (FIIs) became net buyers in the capital markets when they bought shares worth Rs 2,818.40 crore on Thursday, according to data from the exchange.

Futures on Brent oil, the global oil benchmark, fell 0.86 percent to $96.13 a barrel. PTI BALL ANU ANU

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