Mumbai: The Indian Rupee gains against the US currency in the forex market. A weaker US dollar supported the local currency. However, weak domestic equities and foreign fund inflows weighed on it and limited gains.
In interbank foreign exchange, the local currency opened at 81.11 against the US dollar, then settled at 81.08, registering an increase of 18 paise compared to the previous close. On Thursday, the Indian rupee appreciated by 4 paise to close at 81.26 against the US dollar.
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The dollar index, which measures the US dollar’s strength against a basket of six currencies, was down 0.01 percent at 104.71. Foreign investors (FIIs) were net sellers in Indian capital markets as they offloaded shares worth Rs 1,565.93 crore.