Rupee rises 5 paise to close at 81.66 against US dollar The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.35 per cent to 105.59. Global oil benchmark Brent crude futures declined 3.10 per cent to USD 81.04 per barrel. On the domestic equity market front, the 30-share BSE Sensex advanced 211.16 points or 0.34 per cent to end at a fresh closing peak of 62,504.80, while the broader NSE Nifty gained 50 points or 0.27 per cent to record 18,562.75. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they bought shares worth Rs 369.08 crore, according to exchange data. Foreign portfolio investors have rediscovered their liking for Indian equities, making a net investment of Rs 31,630 crore in November in hopes of an end to the aggressive rate hikes and positivity about overall macroeconomic trends.
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FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.