On interbank currencies, the domestic unit opened at 79.87 against the dollar and moved higher to 79.86, a gain of 6 paise from the previous close.
In the previous session, the rupee fell 6 paise to close at 79.92 against the US currency.
The dollar index, which measures the dollar’s strength against a basket of six currencies, rose 0.05 percent to 108.51.
Futures on Brent oil, the global oil benchmark, rose 0.83 percent to $100.16 a barrel.
Forex traders said the rupee is expected to witness range-bound trading this Friday as investors wait
“Higher oil prices and a weak start in Asian and emerging markets could continue to appreciate that bias has capped,” said Sriram Iyer, Senior Research Analyst at
In the stock markets, the 30 shares
Foreign institutional investors (FIIs) remained net buyers in the capital markets as they bought shares worth Rs 369.06 crore on Thursday, according to preliminary data.
ALSO SEE :
OPINION: Towards a Carbon Neutral India — How Central, State Governments and Businesses Are Aiming to Address the Planetary Crisis
OPINION: This is what proactive ESG real estate investing looks like