Deccan Chronicle

Domestic equities and foreign fund inflows support the rupee, while a stronger dollar limits gains.

The rupee ended 20 paise weaker at 96.73 against the US dollar on Thursday.

At the interbank foreign exchange, the rupee opened at 96.53 before inching up to 96.48, up 5 paise from its previous close.

On Tuesday, the rupee had settled at 96.25 against the American currency.

Indian currency weakens in opening session amid market fluctuations.

Brent crude, the global oil benchmark, was trading 0.39 per cent higher at USD 84.83 per barrel in futures trade.

On the domestic equity market front, stock markets rebounded in early trade with the Sensex rising 553 points to 77,603.57 and the Nifty up 148.15 points to 24,198.40.

The rupee rose 15 paise to 95.32 against US dollar in early trade on Friday as the greenback weakened and oil prices eased despite intensifying tensions in West Asia.

Stronger dollar, FII outflows and weak domestic equities weigh on the Indian currency

Foreign institutional investors offloaded equities worth Rs 1,025.20 crore on a net basis on Thursday, according to exchange data.