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Rupee strengthens against US dollar on Friday

28 Apr 2023 Evaluate
Indian rupee strengthened against the US dollar on Friday amidst foreign fund inflows into Indian capital market. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth Rs 1,652.95 crore, exchange data showed. Moreover, crude oil prices below $80 a barrel also supported rupee sentiments. However, firm American currency limited rupee’s rise. Meanwhile, investors are cautiously awaiting the US Federal Reserve's policy move next week.

The partially convertible currency is currently trading at 81.77, stronger by 2 paise from its previous close of 81.79 on Thursday. The currency touched a high and low of 81.8050 and 81.7225 respectively.

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