In the midst of a strong U.S. dollar abroad on Thursday, the rupee gave up all of its early gains to end the day 10 paise worse at 81.84 (provisional). The robust sentiment on the domestic stock market, according to forex traders, limited the rupee’s decline.
The local unit started out at the interbank foreign exchange at 81.69 versus the dollar and ultimately concluded at 81.84 (provisional), down 10 paise from its previous closing. The rupee’s value against the dollar fluctuated during the day between 81.61 and 81.85. In relation to the U.S. dollar, the rupee ended the day on Wednesday at 81.74.
The dollar index, which measures the strength of the dollar against a basket of six different currencies, increased 0.03 percent to 101.50. The international oil benchmark, Brent crude futures, increased by 0.21 percent to USD 77.85 a barrel..
The 30-share BSE Sensex ended the day 348.80 points or 0.58 percent higher at 60,649.38 points on the domestic equities market front. The NSE Nifty, which is more inclusive, increased 101.45 points or 0.57 percent to 17,915.05 points.