Today, India’s Rupee gains by 8 paise to 69.63 against the US Dollar in the opening trade, driven by higher opening and sustained foreign fund flow in the domestic equity market.
At the Forex Market, Rupee opened at 69.71 and then gained further ground and touched 69.63, which show gains of 8 paise over its last closure. On Tuesday, Rupee had strengthened by 18 paise to close at 69.71 against the US Dollar.
Dealers at Forex Market said that selling of the American Currency by exporters are considered as a positive opening in domestic equities supported by Indian Currency. Beyond fresh foreign fund inflows, which also aided the uptrend. However, rising prices of crude oil have restricted the up move.
Meantime, FIIs (Foreign Investors) remained net buyers in the Capital Markets, puts in Rs. 2477 crore on a net basis last day, according to the provisional information.
Brent crude futures have gained 0.27 percent to USD 66.85 per barrel.
Meanwhile, the Benchmark BSE Sensex was trading higher at 78.22 points or 0.21 percent to quote sat 37613.88 but the NSE Nifty traded at 11319.70, which is up by 0.16 percent or 18.50 points.