The rupee strengthened by 7 paise against the dollar.
According to the stock exchange data, foreign institutional investors bought shares worth Rs 382.30 crore on Thursday. Due to which the rupee strengthened to some extent.
For most part of the session, there was constant pressure on the rupee. The rupee remained under pressure for most part of the session due to the strengthening of the dollar against the other major currencies of the world and rising prices of crude oil and some gains were made on its gains. The rupee had lost 20 paise to close at 73.31 per dollar on Thursday. Meanwhile, the dollar index showing the dollar’s trend rose 0.12 percent to 89.93 against the six currencies.
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According to stock exchange data, foreign institutional investors bought shares worth Rs 382.30 crore on Thursday. Brent crude oil futures, considered the standard of crude in the global market, was up 0.31 percent at $ 54.69 a barrel. The Bombay Stock Exchange gained 689.19 points to close at a record 48,782.51, based on thirty shares.