file. , Photo Credit: Reuters
The rupee appreciated by 30 paise to close at 82.02 (provisional) against the US dollar on April 5 as heavy buying in domestic equities boosted investor sentiment.
Besides, foreign capital inflows and rising risk appetite also supported the domestic unit, forex dealers said.
At the interbank forex market, the local unit opened strong at 82.08 and touched an intra-day high of 81.92 and a low of 82.20 against the greenback.
It finally closed at 82.02 (provisional), up 30 paise from its previous closing price.
In the previous session on Monday, the rupee had closed at 82.32 against the dollar.
The forex market was closed on Tuesday on account of “Mahavir Jayanti”.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10% to 101.36.
On the domestic equity market front, the 30-share BSE Sensex advanced 582.87 points or 0.99% to close at 59,689.31, while the broader NSE Nifty advanced 159 points or 0.91% to 17,557.05.
Global oil benchmark Brent crude futures fell 0.08% to $84.87 a barrel.
Foreign institutional investors (FIIs) were net buyers in the capital market on Monday as they bought shares worth ₹321.93 crore, according to exchange data.