Marketmen said the dollar weakened in international trade following weak US economic data and signs of easing of accommodative stance by the Federal Reserve.
The rupee opened at 81.72 at the Interbank Foreign Exchange market. After touching a day’s high of 81.60 and a low of 81.77 during the day, the rupee finally closed higher by 23 paise at 81.70 against the American currency.
The rupee on Wednesday declined by 26 paise to close at 81.93 against the US dollar at the interbank foreign exchange market.
Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services, said, “The rupee moved in a narrow range and remained low in volatility in the last few sessions. The euro and the pound are trading higher after the Federal Reserve took a less aggressive stance in Wednesday’s meeting minutes.
Meanwhile, the dollar index, which shows the strength or weakness of the dollar against six major world currencies, declined by 0.19 per cent to 105.87.
Global oil benchmark Brent crude futures declined 0.32 per cent to $85.14 a barrel.
At the same time, the 30-share Sensex of BSE closed at 62,272.68 points with a gain of 762.10 points.
According to stock market data, Foreign Institutional Investors (FIIs) remained net buyers in the capital market. He bought shares worth Rs 1,231.96 crore on Thursday.
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