Rupee versus. USD: Rupee opens 5 paise higher against the USD

30 Jun 2023 , 10:09 AM

The Indian rupee opened higher against the US dollar, gaining 5 paise on Friday. It started trading at 82.01 per dollar, compared to the previous closing rate of 82.06.

The increase in US yields and the dollar index overnight was driven by better-than-expected US GDP data and a decrease in jobless claims. On Wednesday, the rupee closed at 82.06 per dollar, and the Indian markets were closed on Thursday due to a holiday.

The Indian equity market opened on a positive note, with the benchmark indices Sensex and Nifty trading near record-high levels.

According to provisional data on the exchanges, Foreign Institutional Investors (FIIs) net bought Indian shares worth Rs 12,350 crore on Wednesday. On the other hand, Domestic Institutional Investors (DIIs) net sold Indian equities worth Rs 1,021.01 crore during the same period.

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