Rupee rises 8 paise to close at 82.09 against US dollar

rises for the second consecutive session, and rupee It rose by 8 pounds to close at 82.09 (temporary) against the US dollar on Friday, supported by a decline Crude oil prices in international markets.

However, traders said the subdued trend in domestic stocks and foreign money outflows capped gains in the rupee.

In the interbank foreign exchange market, the local unit opened strongly at 82.11 against the greenback. The rupee touched intraday highs at 82.07 and 82.19. It finally ended the session at 82.09 (tentative) against the dollar, posting a gain of EGP 8 from its previous close.

The rupee closed Thursday at 82.17 against the greenback.

The Indian currency has gained 15 pounds in the past two trading sessions, although participants traded cautiously due to expectations of interest rate hikes by the US Federal Reserve and other central banks.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.05 percent to 101.89.

Brent crude futures fell 0.15 percent to $80.98 a barrel.

On the domestic stock market front, 30-share The BSE Sensex rose by 22.71 points or 0.04 percent to close at 59,655.06, and the broader NSE Nifty closed down 0.40 points, at 17,624.05.

Foreign Institutional Investors (FIIs) They were net sellers in the capital market on Thursday unloading shares worth Rs 1,169.32 crore, according to exchange data.