Rupee Appreciates 13 Paise Against Dollar In Early Trends
The rupee edged higher to as much as 77.47 against the US dollar on Friday, supported by gains in domestic equities, easing oil rates and weakness in the greenback overseas.
It began the day at 77.48 against the US currency.
Indian equity benchmarks rose more than one percent, on track to finish higher for the third session in a row, boosted by buying across sectors. Easing daily foreign institutional outflows supported the sentiment on Dalal Street.
FIIs net sold Indian shares worth Rs 451.8 crore on Thursday — the lowest single-day outflow since March 14, according to exchange data.
Global crude oil prices declined after the OPEC+ grouping of top producers decided to raise output.
Benchmark Brent futures were last seen quoting 0.4 percent lower at $117.2 a barrel. West Texas Intermediate (WTI) futures were down 0.5 percent at $116.4 a barrel.
The dollar index — which measures the greenback against a basket of six currencies —…
