At the interbank foreign exchange, the domestic unit opened at 82.85 against the dollar, then gained ground to touch 82.63, registering a rise of 25 paise over its previous close.
On Thursday, the rupee settled 8 paise lower at 82.88 against the US dollar.
Rupee was under pressure through Thursday’s session on broad dollar strength. There is, however, some respite overnight, IFA Global Research Academy said in a note. “We expect it to trade in a 82.50-82.80 range with sideways price action,” it added.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22 per cent to 112.67.
Brent crude futures, the global oil benchmark, advanced 0.75 per cent to
In the domestic equity market, the 30-share
Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Thursday as they purchased shares worth Rs 677.62 crore, according to exchange data.
Ratan Tata-backed Electra EV raises $25 million from GEF Capital Partners
September earnings on track, but it’s time to tone down optimism says Kotak Institutional Equities
Read the first memo from Elon Musk’s Twitter to employees confirming plans for layoffs and ordering the temporary closure of all offices