file. , Photo Credit: Reuters
The rupee appreciated by 17 paise to 82.17 against the US dollar on March 31, as foreign capital inflows and a rally in domestic equities boosted investor sentiment.
Besides, easing global crude oil prices and rising appetite for risk-on assets also supported the domestic unit, forex traders said.
However, a stronger dollar against key rivals overseas limited the rupee’s gains ahead of US inflation data.
At the interbank forex market, the domestic unit opened strong at 82.12 and touched an intra-day high of 82.09 and a low of 82.26 against the greenback.
The local unit quoted at 82.17 at 1530 hrs, registering a gain of 17 paise over its previous close of 82.34.
The forex market was closed on Thursday for Ram Navami.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.25% to 102.08 ahead of the release of US inflation data later in the day.
On the domestic equity market front, the 30-share BSE Sensex advanced 1,031.43 points or 1.78% to close at 58,991.52, while the broader NSE Nifty advanced 279.05 points or 1.63% to 17,359.75.
Global oil benchmark Brent crude futures fell 0.24% to $79.08 a barrel.
Foreign institutional investors (FIIs) were net buyers in the capital market on Wednesday as they bought shares worth ₹1,245.39 crore, according to exchange data.