The rupee appreciated 13 paise to settle at 83.44 (provisional) against the US dollar on Thursday, supported by a positive trend in equity markets and favourable domestic macroeconomic profile.
Forex traders said the strength of the American currency in the overseas market and US dollar demand from oil marketing companies capped sharp gains for the local unit.
At the interbank foreign exchange market, the local unit opened at 83.56 and hit the intraday high of 83.43 against the greenback during the session.
It finally settled at 83.44 (provisional) against the dollar, registering a gain of 13 paise from its previous close.
On Wednesday, the rupee depreciated 14 paise against the US dollar and settled at 83.57.
The Indian rupee appreciated on bond-related foreign inflows ahead of their inclusion in the JP Morgan debt index, said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
Domestic markets touched fresh record highs with the Nifty breaching the 24,000-mark for the first time, supporting the domestic currency.
