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Rupee strengthens against US dollar on Friday

29 Apr 2022 Evaluate

Indian rupee strengthened against US dollar on Friday supported by firm equities in the domestic market. Further fresh foreign fund inflows also supported rupee sentiments. Foreign institutional investors remained net buyers in the capital market on Thursday as they purchased shares worth Rs 743.22 crore, exchange data showed. However, strong American currency at overseas market, concerns over aggressive tightening by the US central bank and geopolitical uncertainties in Ukraine capped further gains in rupee.

The partially convertible currency is currently trading at 76.48, stronger by 13 paise from its previous close of 76.61 on Thursday. The currency touched a high and low of 76.6300 and 76.4750 respectively.

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