Rupee rises 7 paise to close at 82.02 against U.S. dollar

At the interbank foreign exchange, the rupee opened weak at 82.13 against the U.S. dollar and touched the intra-day peak of 81.99. The domestic unit finally settled at 82.02 (provisional) against the U.S. dollar.
| Photo Credit: The Hindu

The rupee appreciated by 7 paise to close at 82.02 (provisional) against the U.S. dollar on Wednesday (June 21) as a positive trend in domestic equities and easing crude oil prices supported investor sentiments.

However, a strong dollar against major rivals overseas and foreign fund inflows capped the rupee’s gain, forex traders said.

At the interbank foreign exchange, the domestic unit opened weak at 82.13 and touched the intra-day peak of 81.99.

The domestic unit finally settled at 82.02 (provisional) against the U.S. dollar, registering a gain of 7 paise over the previous close.

On Tuesday (June 20), the rupee settled at 82.09 against the dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.10% at 102.64.

Crude oil price benchmark Brent crude was down 0.09% to $75.83 per barrel.

In the domestic equity market, the 30-share BSE Sensex climbed 195.45 points, or 0.31% to settle at a fresh peak of 63,523.15, and the broader Nifty advanced 40.15 points, or 0.21% to end at a record 18,856.85.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday as they sold shares worth ₹1,942.62 crore, according to exchange data.