Rupee trades flat against US dollar at 82.02 amid stocks rally

Posted on by

the rupee It traded almost flat at 82.02 against the US dollar in early trading on Friday amid gains in local stocks and steady crude oil prices.

The rupee opened weak at 82.05 in the interbank foreign exchange market due to flat crude oil prices in Asian trade. And it moved in a narrow range from 82.01 to 82.07 in early trading.

The local unit was trading at 82.02 against the US dollar at 0940 hours, showing a gain of just 1 paisa from the latest closing at 82.03 on Wednesday.

The forex markets are closed on Thursday for the Packride holiday.

The dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.06 percent to 103.28.

Brent crude, the global benchmark for crude oil, was trading up 0.40 percent, at $74.64 a barrel.

in the local stock market, Sensex and Nifty hit all-time highs in early trade. The 30-share BSE Sensex index hit a record high at 64,414.84 and the Nifty index climbed to a peak of 19,108.20 points in early trading amid fresh inflows of foreign funds.

Foreign portfolio investors emerged as net buyers in the capital market on Wednesday buying shares worth Rs 12,350 crore, according to exchange data.