The liquid rupee 9 increases in 71.20 against the US dollar
Mumbai, December 6 () The Indian rupee appreciated 9 countries to close at 71.20 against the US dollar on Friday, a day after the RBI kept the interest rate unchanged and decided to continue its accommodative stance to support the economy.
Investor sentiment strengthened after the Reserve Bank of India indicated that it continued with its accommodative stance, while the easing of oil prices also supported the national currency, currency traders said.
However, strong national stock sales weighed on local unity and restricted profits, they added.
In the interbank foreign exchange market, the rupee opened at 71.30 and moved between a maximum of 71.19 and a minimum of 71.43. Finally finished in 71.20, an increase of 9 paise.
The domestic unit had settled at 71.29 against the US dollar on Thursday.
The rupee recorded a profit of 54 paise this week.
Brent futures, the world benchmark for oil, were trading at $ 63.42 per barrel.
In the domestic equity market, the BSE Sensex of 30 shares closed at 40,445.15, a fall of 334.44 points or 0.82 percent. Similarly, the 50-share Nifty lost 96.90 points or 0.81 percent to settle at 11,921.50.
Foreign institutional investors (FII) bought shares worth a net worth of Rs 653.36 million on Thursday, according to interim exchange data.
The yield on 10-year government bonds was 6.67 percent. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.5476 and for the rupee/euro at 79.2924. The reference rate for the rupee/British pound was set at 93.8137 and for the rupee/100 Japanese yen at 65.76. DRR BAL ABM ABM