Rupee appreciates 9 paise against the dollar

20 Apr 2023 , 11:12 AM

As crude oil prices dropped from their high levels, in early trade on Thursday, the rupee increased 9 paise to 82.16 against the US dollar. Forex traders claimed that the local currency was also supported by an upward trend in domestic equities.

The native currency at the interbank foreign exchange started the day at 82.21 versus the dollar before rising to 82.16, a gain of 9 paise over the previous closing.

The rupee’s closing value versus the US dollar on Wednesday was 82.25.

The dollar index, which measures the value of the dollar against a basket of six different currencies, decreased 0.03% to 101.93.

The benchmark for world oil, Brent crude futures, fell 1% to USD 82.29 a barrel.

The 30-share BSE Sensex increased 229.93 points or 0.39% to 59,797.73 on the local equities market. The NSE Nifty index as a whole increased by 51.30 points, or 0.29%, to 17,670.05.

According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth Rs13.17 crore on Wednesday, making them net purchasers in the capital market.

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