On March 28, the rupee rose 8 paise to 76.16 against the US dollar, boosted by rising domestic equities and lower global crude oil prices. The local currency opened sluggish at 76.36 on the interbank forex market, but later in the afternoon it moved into positive territory. It reached a high of 76.15 and a low of 76.38 during the day.
At 15.30 hours, the rupee was trading at 76.16, up 8 paise from its previous close. The rupee had finished at 76.24 versus the dollar in the previous session. The dollar index, which measures the strength of the greenback against a basket of six currencies, increased 0.32 percent to 99.13.
The global oil benchmark, Brent crude futures, slumped 3.56 percent to USD116.35 a barrel.
The BSE Sensex finished 231.29 points higher, or 0.40 percent higher, at 57,593.49, while the broader NSE Nifty climbed 69 points, or 0.40 percent, to 17,222. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Friday, selling shares worth Rs 1,507.37 crore.
Due to rising geopolitical tensions and inflation concerns, foreign investors have removed a net RS 1,14,855.97 crore from Indian markets so far this year. According to depositories statistics, foreign portfolio investors have sold domestic shares worth Rs 48,261.65 crore so far this month, bringing the year-to-date total to Rs 1,14,855.97 crore.
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