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Rupee Appreciates; Closes at 81.82 Against US Dollar

MUMBAI: The Indian Rupee on Wednesday gained 18 paise, an uphill trend driven by foreign inflows from bonds selling and overall weakness in crude oil prices.

At the interbank foreign exchange market, the local unit opened at 81.73 and touched an intra-day high of 81.52 and a low of 81.82 against the greenback. On Tuesday, the rupee settled at 81.74 against the US dollar.

Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in U.S. crude and fuel inventories, global economic uncertainty, and China reopening its economy.

Meanwhile, Gold in the national capital jumped by RS 89 per 10 grams costing Rs 56,126 on Wednesday. Silver also rose by Rs 677 to Rs 69,218 per kilogram.

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