Rupee gains 10-ps to finish at 73.15 vs US dollar, market Watch

Jan 13 2021 04:19 PM
Rupee gains 10-ps to finish at 73.15 vs US dollar, market Watch

The Indian rupee gained for the second consecutive day and provisionally closed 10 paise higher at 73.15 against the US dollar on Wednesday, aided by sustained foreign fund inflows and weak American currency.

At the interbank forex market, the rupee opened at 73.16, and hit an intra-day high of 73.10 and a low of 73.23 and finally finished at 73.15, higher by 10 paise over its last close. On Tuesday, the rupee had settled at 73.25 against the American currency.

In the Indian share markets, the BSE Sensex ended 24.79 points or 0.05 percent lower at 49,492.32, while the broader NSE Nifty advanced 1.40 points or 0.01 percent to 14,564.85.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 percent to 90.15.

According to Saif Mukadam, Research Analyst, Sharekhan by BNP Paribas, the Indian rupee traded with a positive bias on weakness in the dollar and steady FII inflows.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 571.47 crore on a net basis on Tuesday, according to provisional exchange data.

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