Rupee gains 5 paise to 81.97 against US dollar

the rupee It strengthened by 5 pounds to 81.97 against the US dollar in early trading on Wednesday on foreign money inflows and local stock gains.

The coin opened up 2 paise at 82 in the interbank forex market and moved in a narrow range from 82.01 to 81.97 in early trade.

The rupee was trading at 81.97 against the US dollar at 9.35 am, recording a gain of 5 pounds from the previous close of 82.02.

foreign portfolio investments In stocks and overnight losses in the US dollar in global markets boosted the rupee’s sentiment in early trade, analysts said.

The dollar index, which measures the greenback’s strength against a basket of six currencies, was roughly flat at 102.58.

Brent crude, the global benchmark for crude oil, was trading up 0.69 percent, at $72.76 a barrel.

In the domestic stock market, 30 shares BSE Sensex advanced by 199.06 points Or 0.31 percent, to 63,615.09 points, while the broader Nifty share rose 62.75 points, to 18,880.15 points.

Foreign portfolio investors emerged as net buyers in the capital market on Tuesday buying shares worth Rs 2,024.05 crore, according to exchange data.