<p>The rupee strengthened by 9 paise to close at 73.24 against the US dollar on Thursday, supported by positive domestic equities and weak American currency.</p>.<p>At the interbank forex market, the rupee traded in a narrow range. It opened at 73.29 against the American currency and gained further ground to finally settle at 73.24, up 9 paise from its previous close of 73.33.</p>.<p>This is the second consecutive session of gain for the rupee.</p>.<p>During the session, the domestic unit witnessed an intra-day high of 73.22 and a low of 73.35 against the US dollar.</p>.<p>Traders said investors are cautious ahead of the RBI Monetary Policy Committee (MPC) decision on Friday.</p>.<p>The newly-constituted MPC of the Reserve Bank began its three-day deliberations on Wednesday. The decision of the rate-setting panel will be announced on October 9.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 93.57.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 435.66 points higher at 40,314.61, and the broader NSE Nifty rose 120.85 points to 11,859.70.</p>.<p>Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,093.81 crore on Wednesday, according to exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 0.88 per cent to $42.36 per barrel. </p>
<p>The rupee strengthened by 9 paise to close at 73.24 against the US dollar on Thursday, supported by positive domestic equities and weak American currency.</p>.<p>At the interbank forex market, the rupee traded in a narrow range. It opened at 73.29 against the American currency and gained further ground to finally settle at 73.24, up 9 paise from its previous close of 73.33.</p>.<p>This is the second consecutive session of gain for the rupee.</p>.<p>During the session, the domestic unit witnessed an intra-day high of 73.22 and a low of 73.35 against the US dollar.</p>.<p>Traders said investors are cautious ahead of the RBI Monetary Policy Committee (MPC) decision on Friday.</p>.<p>The newly-constituted MPC of the Reserve Bank began its three-day deliberations on Wednesday. The decision of the rate-setting panel will be announced on October 9.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 93.57.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 435.66 points higher at 40,314.61, and the broader NSE Nifty rose 120.85 points to 11,859.70.</p>.<p>Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,093.81 crore on Wednesday, according to exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 0.88 per cent to $42.36 per barrel. </p>