<p>The rupee advanced 42 paise to 76.20 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and early trends in state election results.</p>.<p>At the interbank foreign exchange, the rupee opened at 76.27 against the US dollar, then gained momentum and touched 76.20, registering a gain of 42 paise from the previous close.</p>.<p>On Wednesday, the rupee had appreciated 38 paise to close at 76.62 against the US dollar following a retreat in crude oil prices and rebound in domestic equities.</p>.<p>"The rupee opened on a strong note as the state election results are as per market expectations. Fighting in Ukraine is on a pause for the moment and risk-on sentiments continue for the moment," said Anil Kumar Bhansali, head (Treasury) at Finrex Treasury Advisors.</p>.<p>Counting of votes is underway on Thursday in five states where Assembly polls were held recently — Uttarakhand, Uttar Pradesh, Punjab, Goa and Manipur.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.16 per cent to 98.12.</p>.<p>The global oil benchmark Brent crude futures jumped 3.39 per cent to $114.91 per barrel.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 1,361.07 points or 2.49 per cent higher at 56,008.40, while the broader NSE Nifty rose 368.40 points, or 2.25 per cent, to 16,713.75.</p>.<p>Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 4,818.71 crore, as per stock exchange data.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>The rupee advanced 42 paise to 76.20 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and early trends in state election results.</p>.<p>At the interbank foreign exchange, the rupee opened at 76.27 against the US dollar, then gained momentum and touched 76.20, registering a gain of 42 paise from the previous close.</p>.<p>On Wednesday, the rupee had appreciated 38 paise to close at 76.62 against the US dollar following a retreat in crude oil prices and rebound in domestic equities.</p>.<p>"The rupee opened on a strong note as the state election results are as per market expectations. Fighting in Ukraine is on a pause for the moment and risk-on sentiments continue for the moment," said Anil Kumar Bhansali, head (Treasury) at Finrex Treasury Advisors.</p>.<p>Counting of votes is underway on Thursday in five states where Assembly polls were held recently — Uttarakhand, Uttar Pradesh, Punjab, Goa and Manipur.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.16 per cent to 98.12.</p>.<p>The global oil benchmark Brent crude futures jumped 3.39 per cent to $114.91 per barrel.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 1,361.07 points or 2.49 per cent higher at 56,008.40, while the broader NSE Nifty rose 368.40 points, or 2.25 per cent, to 16,713.75.</p>.<p>Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 4,818.71 crore, as per stock exchange data.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>