(Aditya Shaw, Intern Journalist):The rupee opened at 75.20 against the US dollar,gaining further ground and touched 75.14 against the US dollar, up 6 paise over its previous close.
Forex traders told positive domestic equities and weak US currency supported the local unit, while foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.19 per The 30-share BSE benchmark Sensex was trading 349.67 points higher at 36,944 and broader NSE Nifty rose 103.45 points to 10,871.50.
Foreign institutional investors were net sellers in the capital market, selling shares worth Rs 1,031 crore on Friday, according to provisional exchange data.
Brent crude futures, the global oil benchmark, fell 0.72 percent to USD 42.93 per barrel.
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