Share Market: Rupee rises 16 paise to 81.54 against US dollar in early trade

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Mumbai: The rupee appreciated by 16 paise to 81.54 in opposition to the US greenback in early commerce on Friday as a consequence of weak point within the American forex. The rupee opened at 81.69 in opposition to the greenback on the interbank foreign exchange market, after which recovered strongly to achieve 81.54. Thus, the native forex registered a achieve of 16 paise over its earlier closing worth.

On Thursday, the rupee had gained 23 paise to shut at 81.70 per greenback in opposition to the American forex. Foreign exchange merchants mentioned the US greenback declined from increased ranges following the main points of the Federal Open Market Committee. In the meantime, the greenback index, which gauges the US greenback’s place in opposition to a basket of six main currencies, fell 0.23 per cent to 105.82. World oil benchmark Brent crude futures rose 0.20 per cent to $85.51 a barrel.

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