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Rupee strengthens against US dollar on Thursday
Oct-21-2021

Indian rupee strengthened against the US dollar on Thursday tracking weakness in US dollar against other world currencies. However, weak domestic equities following sustained foreign fund outflows in the capital market capped gains in rupee. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,843.09 crore, while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 1,680.73 crore in the Indian equity market on Wednesday, exchange data showed.

The partially convertible currency is currently trading at 74.81, stronger by 7 paise from its previous close of 74.88 on Wednesday. The currency touched a high and low of 74.8950 and 74.7500 respectively.

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