Re rises to 1-mth high of 82.10/USD
Gains 15 paise backed by corporate inflows and positive domestic equities
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Mumbai The rupee gained 15 paise to settle at 82.10 against the US dollar on Wednesday, helped by robust macro fundamentals, FII inflows and a weak greenback against major rivals overseas.
At the interbank foreign exchange market, the local unit opened at 82.28 against the US dollar and settled at 82.10, up 15 paise over its previous close amid a positive trend in domestic equities. During the day, the domestic unit witnessed an intra-day high of 82.08 and a low of 82.32. On Tuesday, the rupee closed at 82.25 against the US currency. “The Indian rupee rose to a one-month high on reports of corporate inflows and positive domestic equities,” said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. Choudhary further added that the weak US dollar also supported the rupee, while some recovery in crude oil prices capped sharp gains.
