Rupee gains 8 paise to 81.25 / $

5 Dec 2022 , 01:34 PM

Early on Monday, a weaker dollar in the foreign exchange market helped the rupee gain 8 paise to 81.25 against the US dollar. Weak domestic equities, according to forex traders, affected the local currency and curbed the trend toward appreciation.

The domestic unit began trading at 81.26 versus the dollar on the interbank foreign exchange, then advanced to touch 81.25, gaining 8 paise from its previous close. The rupee has decreased in value versus the dollar by 7 paise on Friday, reaching 81.33. The dollar index, a measure of the dollar’s strength versus a basket of six different currencies, decreased 0.37 % to 104.15.

The 30-share BSE Sensex was trading 139.99 points, or 0.22 %, lower on the domestic equity market at 62,728.51. The more inclusive NSE Nifty dropped 22.60 points or 0.12% to 18,673.50. According to exchange data, Foreign Institutional Investors (FIIs) purchased shares worth Rs 214.76 crore on Friday, making them net purchasers in the capital markets.

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