In the interbank foreign exchange market, the
The rupee was trading at 80.98, showing gains of 19 paise compared to the previous close, at 0930 hrs.
The US dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.35 percent to 101.65 amid concerns about US economic growth.
Crude prices also fell as traders awaited further clues on China’s economic recovery and weak trade volumes from Asia, analysts said.
Brent crude fell 0.52 percent to $87.17 a barrel after a recent rally. Indian basket oil also fell 2.51 percent to $82.19 a barrel.
On the domestic stock market front, the 30-stock BSE Sensex rose 254.24 points, or 0.42 percent, to 60,876.01, while the broader NSE Nifty gained 64.20 points, or 0.36. percent to 18,091.85 in morning operations.
Foreign institutional investors (FIIs) were net sellers in the capital market on Friday as they sold Rs 2,002.25 crore worth of shares, according to exchange data.
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Only twice in 30 years has the market gone up before and after budget