At the interbank foreign exchange, the rupee opened at 90.86 against the greenback before inching up to 90.85, higher by 6 paise from its previous close.
The rupee stayed range-bound and settled with a gain of 4 paise at 90.91 against the US dollar on Wednesday (February 25).
”As the dollar index fell and Asian currencies gained today (Thursday) the rupee opened higher… A risk-on sentiment in the markets and RBI selling near 91.00 levels ensured yesterday (Wednesday) also that rupee is unable to cross 91.00 levels with FPIs being buyers of equity and sellers of dollars,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13% down at 97.57.
Brent crude, the global oil benchmark, rose 0.21% to $71.00 per barrel in futures trade.
On the domestic equity market front, the Sensex climbed 303 points to 82,579.16 in early trade, while the Nifty rose 85.1 points to 25,567.60.
On Wednesday (February 24), foreign institutional investors purchased equities worth ₹2,991.64 crore, according to exchange data.
