Rupee climbs 4 paise to 73.51 against US dollar at start of trade



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The rupee appreciated 4 points to 73.51 against the US dollar when trade opened on Monday as sustained inflows of foreign funds and strength in domestic stocks bolstered investor sentiment.

Traders said the weakness of the US currency in the overseas market also supported national unity.

In the interbank forex market, the domestic unit opened at 73.52 against the US dollar, then edged up to 73.51 against the greenback, registering a 4 point increase from its previous close.

As of Thursday, the rupee stood at 73.55 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.05 percent to 90.18.

On the domestic stock market front, the 30-stock Sensex benchmark BSE traded 227.35 points higher at 47,200.89, and the wider NSE Nifty advanced 75.60 points to 13,824.85.

Foreign institutional investors were net buyers in the capital market as they bought shares worth Rs 1,225.69 crore on a net basis on Thursday, according to provisional exchange data.

Futures contracts on Brent, the world’s benchmark for oil, fell 0.43% to $ 51.07 per barrel.

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