However, a strong
At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals, registering a gain of 7 paise over the last close.
In the previous session, the rupee had closed at an all-time low of 79.99 against the greenback.
The local currency was moving in a range of 79.95 and 79.88 in the morning trade.
On the domestic equity front, the 30-share
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.03 per cent to 108.57.
Global oil benchmark Brent crude futures rose 1.19 per cent to USD 100.28 per barrel.
Foreign institutional investors turned net buyers in the capital market on Thursday, as they bought shares worth Rs 309 crore, as per exchange data.
Meanwhile, wholesale price-based inflation eased to a three-month low of 15.18 per cent in June on a sharp decline in the prices of minerals, but food articles continued to remain costly. June is the 15th consecutive month when the wholesale inflation was in double digit.
In May this year, it touched a record high of 15.88 per cent. In June 2021, it was 12.07 per cent.
SEE ALSO :