A fruit seller counts Indian rupee notes. Image for representation purpose only. , photo credit: AFP
The rupee appreciated 9 paise to 82.31 against the US dollar in early trade on March 27 amid a weak dollar and a positive trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened at 82.36 against the dollar, then climbed up to 82.31, registering a rise of 9 paise from its previous close.
On March 24, Rupee closes at 82.40 against US currency.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.11% to 103.
Global oil benchmark Brent crude futures rose 0.04% to $75.02 a barrel.
In the domestic equity market, the 30-share BSE Sensex advanced 220.99 points, or 0.38%, to 57,748.09. The broader NSE Nifty rose 76.10 points, or 0.45%, to 17,021.15.
Foreign institutional investors (FIIs) were net sellers in the capital market on March 24 as they offloaded shares worth ₹1,720.44 crore, according to exchange data.
Meanwhile, India’s forex kitty increased by $12.798 billion to $572.801 billion in the week ended March 17.
In the previous week under review, the reserves fell by $2.39 billion to a three-month low of $560.003 billion.