Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Mumbai: The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
The rupee opened at 75.71 at the interbank forex market, gained further ground, and finally settled at 75.62, up 14 paise over its last close.
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It had settled at 75.76 against the US dollar on Thursday.
On the equities front, the 30-share BSE benchmark Sensex was quoting 80.12 points up at 32,280.71 and broader Nifty rose 46.80 points to 9,536.90.
Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth Rs 2,354.14 crore on Thursday, according to provisional exchange data.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.08 percent to 98.30.
The Drugs Controller General of India (DCGI) had granted permission in March for conducting Phase-3 clinical trial of Covovax as a booster dose in adults
Delhi had reported 377 new Covid cases and one more death on Monday, while the positivity rate was 3.37 percent
So far, over 2,36,01,148 children in the age group of 15-17 years and over 77,68,203 children in the aged 12-14 have been administered vaccine doses in Uttar Pradesh