The rupee appreciated by 16 paise to settle at 76.24 (provisional) against the US dollar on Thursday, tracking positive domestic equities. At the interbank forex market, the domestic unit opened at 76.17 against the US dollar. It moved in a range of 75.99 to 76.30 during the session.
The rupee finally closed at 76.24, registering a rise of 16 paise over its previous close. On Wednesday, the rupee had settled at 76.40.
However, firm crude oil prices weighed on the rupee and kept the appreciation bias capped.
Meanwhile, the
dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.22 percent higher at 102.81.
On the domestic equity market front, the 30-share
BSE Sensex ended 33.20 points or 0.06 percent higher at 55,702.23, while the broader
NSE Nifty inched up 5.05 points or 0.03 percent to 16,682.65.
Brent crude futures, the global oil benchmark, advanced 0.42 percent to USD 110.60 per barrel.
Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 3,288.18 crore, as per stock exchange data.
First Published: May 5, 2022 5:33 PM IST
