Rupee rises 13 paise to 81.82 against US dollar in early trade

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the rupee It rose 13 pounds to 81.82 against the US dollar in early trading on Thursday, supported by foreign money inflows.

In the interbank foreign exchange market, the local unit opened at 81.93 against the dollar, then rose to 81.82, registering an increase of 13 pounds from its previous close.

On Wednesday, the rupee closed at 81.95 against the greenback.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.02 percent to 105.63.

Rising US bond yields and risk-taking equity sentiment underpin a stronger US dollar, said Amit Babari, CR Forex Advisors, adding that FDIs and FDIs act as a life support for the rupee.

“In March, they (FPIs) were net investors of more than 10,000 crores in equities…we could see the rupee trading in the range of 81.50 to 82.50 in the short term,” Babari said.

Foreign Institutional Investors (FIIs) They were net buyers in the capital market on Wednesday buying shares worth Rs 3,671.56 crore, according to exchange data.

Brent Crude FuturesThe global oil index rose 0.02 percent to $82.66 a barrel on Thursday.

And in the local stock market on Thursday, it was 30 shares BSE Sensex fell 131.61 points, or 0.22 percent to 60,216.48 points. The broader NSE Nifty index fell 33.30 points, or 0.19 percent, to 17,721.10 points.