Rupee climbs 30 paise to 82.02 against US dollar

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the rupee It rose 30 pounds to close at 82.02 (temporary) against the US dollar on Wednesday, as heavy buying in local stocks boosted investor sentiment.

Besides, forex dealers said foreign capital inflows and increased risk appetite also supported local unity.

In the interbank foreign exchange market, the local unit opened strongly at 82.08 and touched an intraday high of 81.92 and a low of 82.20 against the dollar.

It finally settled at 82.02 (temporary), an increase of EGP 30 from its previous close.

Also read: Weekly Rupee View: INR remains stable

In the previous session on Monday, the rupee closed at 82.32 against the dollar.

Forex market closed on Tuesday on Mahavir Jayanti account.

The dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.10 percent to 101.36.

On the domestic stock market front, The 30-share BSE Sensex advanced 582.87 points, or 0.99 percent. to end at 59,689.31, while the broader NSE Nifty Index jumped by 159 points, or 0.91 percent, to 17,557.05.

Brent crude futures, the global benchmark for oil, fell 0.08 percent to $84.87 a barrel.

Foreign Institutional Investors (FIIs) They were net buyers in the capital markets on Monday buying shares worth Rs 321.93 crore, according to exchange data.