Rupee trades higher against US Dollar tracking domestic markets

At the interbank foreign exchange, the rupee opened at 73.51 against the dollar, then inched higher to 73.45/$, up 5 paise over its previous close.

Sep 16, 2021 12:09 IST India Infoline News Service

The Indian rupee gained against the US dollar tracking a firm trend in domestic stock markets. Besides, the broad weakness of the American currency in the overseas market and sustained foreign fund inflows supported the local unit, while high crude oil prices restricted the gains.

At the interbank foreign exchange, the rupee opened at 73.51 against the dollar, then inched higher to 73.45/$, up 5 paise over its previous close.

On Wednesday, the local unit had settled at 73.50 against the US dollar.

Besides, foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs232.84cr, as per exchange data.

On the domestic equity market front, BSE Sensex was trading 238 points or 0.41% higher at 58,961.68, while the broader NSE Nifty advanced 61 points to 17,581.15.

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