<p>The Indian rupee gained 7 paise to 74.15 against the US dollar in opening trade on Friday, amid a muted trend in the domestic equities.</p>.<p>Traders said the domestic unit is trading in a narrow range as investors are awaiting cues from the key speech from US Federal Reserve Chair Jerome Powell.</p>.<p>Moreover, a firm dollar in the overseas markets and rising crude prices weighed on the investor sentiment, forex traders added.</p>.<p>At the interbank foreign exchange, the rupee opened at 74.17 against the dollar, then inched higher to 74.15, up 7 paise over its previous close.</p>.<p>On Thursday, the rupee had settled at 74.22 against the US dollar.</p>.<p>Global oil benchmark Brent crude futures rose 1.04 per cent to $71.81 per barrel.</p>.<p>Meanwhile, according to a media report, RBI Governor Shaktikanta Das has said that all the actions of the central bank will be calibrated and well-timed, as the Reserve Bank does not want to give any sudden shock or any sudden surprises to the markets.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 93.00.</p>.<p>On the domestic equity market front, BSE Sensex was trading 72.44 points or 0.13 per cent lower at 55,876.66, while the broader NSE Nifty inched 0.80 points higher to 16,637.70.</p>.<p>Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 1,974.48 crore, as per exchange data. </p>
<p>The Indian rupee gained 7 paise to 74.15 against the US dollar in opening trade on Friday, amid a muted trend in the domestic equities.</p>.<p>Traders said the domestic unit is trading in a narrow range as investors are awaiting cues from the key speech from US Federal Reserve Chair Jerome Powell.</p>.<p>Moreover, a firm dollar in the overseas markets and rising crude prices weighed on the investor sentiment, forex traders added.</p>.<p>At the interbank foreign exchange, the rupee opened at 74.17 against the dollar, then inched higher to 74.15, up 7 paise over its previous close.</p>.<p>On Thursday, the rupee had settled at 74.22 against the US dollar.</p>.<p>Global oil benchmark Brent crude futures rose 1.04 per cent to $71.81 per barrel.</p>.<p>Meanwhile, according to a media report, RBI Governor Shaktikanta Das has said that all the actions of the central bank will be calibrated and well-timed, as the Reserve Bank does not want to give any sudden shock or any sudden surprises to the markets.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 93.00.</p>.<p>On the domestic equity market front, BSE Sensex was trading 72.44 points or 0.13 per cent lower at 55,876.66, while the broader NSE Nifty inched 0.80 points higher to 16,637.70.</p>.<p>Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 1,974.48 crore, as per exchange data. </p>