Rupee gains 45p to close at 81.47 against US dollar
NEW DELHI, NOV 10: The rupee appreciated by 45 paise to close at 81.47 (provisional) against the US dollar on Wednesday amid fall in crude oil prices, dollar weakness and sustained foreign fund inflows.
At the interbank foreign exchange market, the local unit opened at 81.43, and witnessed an intra-day high of Rs 81.23 and low of Rs 81.62 during the session.
The local unit finally settled at 81.47 against the American currency, registering a rise of 45 paise over its previous close.
On Monday, the rupee had settled at 81.92 against the US dollar. The forex market was closed on Tuesday on account of ‘Gurunanak Jayanti’.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.18 per cent to 109.83.
Global oil benchmark Brent crude futures fell 0.64 per cent to USD 94.75 per barrel.
“Rupee continued to gain strength as the broader dollar witnessed selling pressure at higher levels. The greenback continued to remain weighed down also ahead of the US mid-term elections results,” said Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services.
-PTI
