Rupee Appreciates After Opening Weak Against the U.S. Dollar

Rupee closed at 81.55 versus 81.58 at close on Wednesday.

<div class="paragraphs"><p>(Photo - Unsplash)</p></div>
(Photo - Unsplash)

The Indian rupee strengthened marginally after opening weak against the U.S. dollar.

The local currency closed at 81.55 against the greenback on Thursday, compared with 81.58 at the close on Wednesday. It opened at 81.63, depreciating five paise against the greenback.

"Most of the Asian peers were stronger on Thursday morning, tracking gains in the equity markets ahead of U.S. consumer price data and could cap losses," according to Reliance Securities.

"Domestically, apart from inflation, IIP and manufacturing numbers after market hours could also have impact on sentiments," it said.

Rupee And Bond Update - Jan 12, 2023: Reliance Securities