Rupee climbs 33 paise to 73.33 against US dollar at start of trade

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In the interbank forex market, the domestic unit opened at 73.47 against the US dollar, then gained ground to hit 73.33, registering a rise of 33 peas from its previous close.

The rupee strengthened 33 points to 73.33 against the US dollar when trade opened on Friday as weakness in the US currency and positive domestic stocks supported investor sentiment.

In the interbank forex market, the domestic unit opened at 73.47 against the US dollar, then gained ground to hit 73.33, registering a rise of 33 peas from its previous close.

On Thursday, the rupee depreciated 14 points to end at 73.66 against the US dollar.

The dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.07 percent to 92.90.

On the domestic stock market front, the 30-stock Sensex benchmark BSE was trading 97.81 points higher at 39,077.66, and the wider NSE Nifty advanced 41.30 points to 39,077.66.

Foreign institutional investors were net sellers in the capital market as they unloaded shares worth ₹ 249.82 crore on a net basis on Thursday, according to the exchange data.

Futures on Brent, the world’s benchmark for oil, rose 0.55 percent to $ 43.54 a barrel.

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