Indian rupee strengthened against the US dollar on Friday amid weakness in American currency following news that the US House passed a bill to raise the US debt ceiling. Moreover, strong domestic macroeconomic data also supported rupee. GST collections crossed Rs 1.50 lakh crore for the third month in a row, recording a 12% increase in May at over Rs 1.57 lakh crore. However, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 71.07 crore, exchange data showed.
The partially convertible currency is currently trading at 82.31, stronger by 9 paise from its previous close of 82.40 on Thursday. The currency touched a high and low of 82.3825 and 82.30 respectively.
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