Mumbai, November 10 (Language) The rupee closed one paise higher at 83.28 per dollar against the US dollar in the interbank foreign exchange market on Friday. The rupee got some support due to the weakening of the dollar abroad and the strengthening trend in the domestic stock market.
Market sources said continued foreign capital outflows and rising crude oil prices kept pressure on the rupee.
The rupee opened at 83.28 at the interbank foreign exchange market and slipped to 83.49 per dollar in intraday trade and later touched a high of 83.28. At the end of trading, it closed at 83.28 per dollar with a rise of just one paise. In the last trading session, the rupee had closed at 83.29 per dollar.
Market sources said investors were cautious ahead of the industrial production and inflation data.
According to sources, one of the electronic trading platforms experienced a glitch during afternoon trading due to which investors were not able to ‘log in’ to the system.
A source said the Reserve Bank of India has asked the platform to conduct a ‘root cause analysis’ and find out whether it was a system failure or human error that led to the disruption on the platform.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, declined 0.02 per cent to 105.89.
Brent crude futures, the global oil standard, rose 0.81 percent to $ 80.66 per barrel.
The 30-share BSE index closed at 64,904.68 points with a rise of 72.48 points.
According to stock market data, foreign institutional investors were net sellers in the capital market and sold shares worth Rs 261.81 crore on Friday.
Language Rajesh Rajesh Raman