Rupee rises 7 paise to close at 82.02 against U.S. dollar

The rupee appreciated by 7 paise to close at 82.02 (provisional) against the U.S. dollar on June 21, 2023 as a positive trend in domestic equities and easing crude oil prices supported investor sentiments

The rupee appreciated by 7 paise to close at 82.02 (provisional) against the U.S. dollar on Wednesday (June 21) as a positive trend in domestic equities and easing crude oil prices supported investor sentiments.

However, a strong dollar against major rivals overseas and foreign fund inflows capped the rupee's gain, forex traders said.

At the interbank foreign exchange, the domestic unit opened weak at 82.13 and touched the intra-day peak of 81.99.

The domestic unit finally settled at 82.02 (provisional) against the U.S. dollar, registering a gain of 7 paise over the previous close.

On Tuesday (June 20), the rupee settled at 82.09 against the dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.10% at 102.64.

Crude oil price benchmark Brent crude was down 0.09% to $75.83 per barrel.