Rupee rises 23 paise to 82.12/ $

7 Nov 2022 , 01:20 AM

Early on Monday, the rupee strengthened versus the US dollar by 23 paise to 82.12 amid rising local stocks and falling oil prices. The native currency rose 23 paise from its previous close to touching 82.12 at the interbank foreign exchange, from where it had begun at 82.14 against the dollar. The rupee strengthened by 53 paise on Friday to end the day at 82.35 against the US dollar. The dollar index, which measures the dollar’s strength against a basket of six different currencies, increased by 0.19 % to 111.08.

The benchmark for world oil, Brent crude futures, fell 1.04 percent to USD 97.54 a barrel. The 30-share BSE Sensex was up 81.6 points, or 0.13 %, at 61,031.96 on the domestic equity market. The larger NSE Nifty index also increased, rising 52.50 points, or 0.29 %, to 18,169.65. According to exchange data, Foreign Institutional Investors (FIIs) were net purchasers on Friday in the capital markets, buying shares worth Rs1,436.25 crore.

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