Rupee Rises 14 Paise to Close At 82.58 Against US Dollar

MUMBAI: The Indian Rupee on Friday plummet by 14 paise to 82.58 (provisional) against the U.S. dollar. According to experts, the plunge was supported by foreign capital inflows and a positive trend in domestic equities.

At the interbank foreign exchange market, the local unit opened at 82.73 against the U.S. dollar and settled at 82.58 (provisional), up 14 paise over its previous close. During the day, the domestic unit witnessed an intra-day high of 82.56 and a low of 82.73 in the day trade.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.19% to 104.04. Global oil benchmark Brent crude futures advanced 0.56% to $76.69 per barrel.

Meanwhile, the Gold Rs 160 to Rs 60,080 per 10 grams on the contrary Silver climbed by Rs 360 to Rs 72,500 per kilogramme.

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