Rupee up 30 paise to 81.95 against US dollar

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the rupee It rose by 30 baisas to 81.95 per US dollar in early trading on Friday amid gains in local stocks and losses in crude oil prices.

Analysts said that foreign investment inflows into local stocks also boosted the rupee’s sentiment.

In the interbank foreign exchange market, the local unit opened higher at 81.97, then rose to 81.95, registering an increase of 30 pounds from its last close.

On Thursday, the rupee settled lower at 82.25 per dollar due to the strong offshore dollar and the negative trend in local stocks.

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Crude oil prices Trading was lower on Friday, with benchmark Brent crude falling 0.22 percent to $75.50 a barrel.

The dollar index, which measures the greenback’s strength against a basket of six currencies, rose slightly by 0.11 percent, at 102.23.

In the domestic stock market, 30 shares BSE Sensex traded 262.23 points, or 0.42 percent, at 63,179.86 points. the widest NSE Nifty rose by 77.80 points, or 0.42 percent, to 18,765.90 points.

Foreign Institutional Investors (FIIs) were net buyers in the capital markets, on Thursday, buying shares worth Rs 3,085.51 crore, according to exchange data.