<p>Mumbai: The rupee appreciated 8 paise to 83.37 against the US dollar in early trade on Friday, supported by a positive trend in domestic equities and foreign fund inflows.</p><p>Forex traders said the strength of the American currency in the overseas market and elevated crude oil prices weighed on the local unit and restricted the appreciation bias.</p><p>At the interbank foreign exchange market, the local unit opened at 83.42 and gained further ground to trade at 83.37 against the greenback in initial deals, registering an increase of 8 paise from its previous closing level.</p><p>On Thursday, the rupee appreciated 12 paise to settle at 83.45 against the US dollar.</p>.After Jio, Airtel, Vi announce 10-24% hike in mobile tariffs from first week of July.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.15 per cent at 106.06, ahead of the crucial US inflation reading this evening.</p><p>Brent crude futures, the global oil benchmark, were trading 0.47 per cent higher at $86.80 per barrel, as fears of supply disruptions from Russia and the Middle East on continued war offset slowing demand.</p><p>On Thursday, there were good inflows taking the rupee higher from Wednesday's closing level, said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.</p><p>"Inflows are expected on Friday as well, it being the month-end and quarter-end and could take the rupee higher towards 83.35. Exporters may wait to sell while importers may buy the dips," Bhansali added.</p><p>In the domestic equity market, the 30-share BSE Sensex advanced 347.48 points, or 0.44 per cent, to 79,590.66 points. The broader NSE Nifty rose 114.55 points, or 114.55 per cent, to 24,159.05 points.</p><p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 7,658.77 crore, according to exchange data.</p>
<p>Mumbai: The rupee appreciated 8 paise to 83.37 against the US dollar in early trade on Friday, supported by a positive trend in domestic equities and foreign fund inflows.</p><p>Forex traders said the strength of the American currency in the overseas market and elevated crude oil prices weighed on the local unit and restricted the appreciation bias.</p><p>At the interbank foreign exchange market, the local unit opened at 83.42 and gained further ground to trade at 83.37 against the greenback in initial deals, registering an increase of 8 paise from its previous closing level.</p><p>On Thursday, the rupee appreciated 12 paise to settle at 83.45 against the US dollar.</p>.After Jio, Airtel, Vi announce 10-24% hike in mobile tariffs from first week of July.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.15 per cent at 106.06, ahead of the crucial US inflation reading this evening.</p><p>Brent crude futures, the global oil benchmark, were trading 0.47 per cent higher at $86.80 per barrel, as fears of supply disruptions from Russia and the Middle East on continued war offset slowing demand.</p><p>On Thursday, there were good inflows taking the rupee higher from Wednesday's closing level, said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.</p><p>"Inflows are expected on Friday as well, it being the month-end and quarter-end and could take the rupee higher towards 83.35. Exporters may wait to sell while importers may buy the dips," Bhansali added.</p><p>In the domestic equity market, the 30-share BSE Sensex advanced 347.48 points, or 0.44 per cent, to 79,590.66 points. The broader NSE Nifty rose 114.55 points, or 114.55 per cent, to 24,159.05 points.</p><p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 7,658.77 crore, according to exchange data.</p>