The rupee rose 10 paise to 71.14 against the US dollar in opening trade at the interbank forex market Thursday on mild selling of the greenback by exporters and a higher opening in the domestic equity market.
Traders said unabated foreign fund inflows too supported the recovery in the Indian rupee.
Meanwhile, the dollar rose from a three-week low overseas as investors grew cautious about US-China trade talks.
The rupee fell 17 paise to close at 71.24 against the US dollar Wednesday amid a flare up of tensions between India and Pakistan.
Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 423.04 crore on a net basis Wednesday, as per provisional data.
The benchmark BSE Sensex recovered 132.56 points, or 0.37 per cent, to 36,037.99 in opening trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app