The Indian rupee closed 14 paisa higher versus the US dollar on Friday, thanks to a weak US currency and a bullish attitude in the share market. The local currency ended the day at 83.14 per dollar, down from 83.28 the day before.
The dollar index, which measures the strength of the US dollar against a basket of six currencies, was 0.15% lower at 101.69, approaching its lowest level in more than four months. Meanwhile, the global benchmark Brent crude rose 0.81% to $80.03 per barrel.
The Indian rupee closed 14 paise higher versus the US dollar on Friday, thanks to a weak US currency and a bullish attitude in the share market. The local currency ended the day at 83.14 per dollar, down from 83.28 the day before.
The dollar index, which measures the strength of the US dollar against a basket of six currencies, was 0.15% lower at 101.69, approaching its lowest level in more than four months.
Meanwhile, the global benchmark Brent crude rose 0.81% to $80.03 per barrel.
Domestically, the Indian stock market indices finished higher as a result of good cues from global rivals. The Sensex rose 241.86 points, or 0.34%, to 71,106.96, while the Nifty 50 gained 94.35 points, or 0.44%, to 21,349.40.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the equities market on Thursday, offloading shares worth Rs. 1,636.19 crore.
