Rupee gains marginally on selling of American currency by bankers, exporters
Indian rupee gained marginally against the US dollar on Friday due to selling of American currency by bankers and exporters. Meanwhile, investors are eyeing on Reserve Bank of India’s monetary policy statement on Wednesday. Although, uncertainties over the global economic recovery in the wake of the emergence of Omicron variant of corona-virus has capped the gains in rupee. Meanwhile, Foreign Institutional Investors (FIIs) were offloaded shares worth Rs 909.71 crore, while Domestic Institutional Investors (DIIs) were bought shares worth Rs 1372.65 crore in the Indian equity market on Thursday, exchange data showed.
The partially convertible currency is currently trading at 74.98, stronger by 4 paise from its previous close of 75.02 on Thursday. The currency touched a high and low of 75.0150 and 74.9525 respectively.
