Rupee rises 15 paise against the dollar to close the day at 76.15

On Thursday, the rupee strengthened by 15 paise versus the US dollar, closing at 76.15 provisionally against the greenback, owing to a weaker greenback overseas and a rebound in domestic markets. The dollar index, which measures the value of the dollar against a basket of six currencies, fell 0.43 percent to 99.98.

However, forex traders said that rising crude prices and ongoing foreign fund outflows limited the gains.

The rupee opened marginally higher at 76.28 against the dollar on the interbank forex market, moving in a range of 76.36 to 76.09.  It eventually finished at 76.15, 15 paise higher than the previous close of 76.30.

On the share market front, the BSE Sensex concluded the day 874.18 points or 1.53 percent higher at 57,911.68, while the broader NSE Nifty ended the day 256.05 points or 1.49 percent higher at 17,392.60. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs.3,009.26 crore.

The global oil benchmark, Brent crude futures, climbed 1.02 percent to USD107.89 per barrel. 

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