Mumbai: Indian rupees edged higher by 6 Paise to 73.46 against the US dollar in opening trading on Friday, tracking company trends in domestic equity.
Forex traders say the weakness of the American currency in foreign markets and the inflow of sustainable foreign funds supports local units, while strong crude oil prices limit the increase.
In interbank foreign exchange, Rupee opened at 73.49 against the dollar, then edged higher to 73.46, up 6 Paise as long as it was closed before.
On Thursday, Rupee has settled 73.52 against the US dollar.
The dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.11 percent to 92.83.
Investor foreign institutions are clean buyers in the capital market on Thursday because they buy shares worth 1,621.88 crore, according to data exchange.
In front of the domestic equity market, BSE Sensex traded 429.6 points or 0.73 percent higher at 59,570.76, while the nifty nifty rose 119.60 points or 0.68 percent to 17,749.10.
Meanwhile, the Benchmark of Global Oil Brent Crude Futures fell 0.24 percent to $ 75.49 per barrel.