<p>The rupee appreciated 7 paise to 79.92 against the US dollar in early trade on Friday as a firm trend in domestic equities and fresh foreign fund inflows strengthened investor sentiment.</p>.<p>However, a strong greenback in the overseas markets capped the gains of the local unit, forex traders said.</p>.<p>At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals, registering a gain of 7 paise over the last close.</p>.<p>In the previous session, the rupee had closed at an all-time low of 79.99 against the greenback.</p>.<p>The local currency was moving in a range of 79.95 and 79.88 in the morning trade.</p>.<p>On the domestic equity front, the 30-share Sensex was trading 282.93 points or 0.53 per cent higher at 53,699.08, while the broader NSE Nifty advanced 82.95 points or 0.52 per cent to 16,021.60.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.03 per cent to 108.57.</p>.<p>Global oil benchmark Brent crude futures rose 1.19 per cent to $100.28 per barrel.</p>.<p>Foreign institutional investors turned net buyers in the capital market on Thursday, as they bought shares worth Rs 309 crore, as per exchange data.</p>.<p>Meanwhile, wholesale price-based inflation eased to a three-month low of 15.18 per cent in June on a sharp decline in the prices of minerals, but food articles continued to remain costly. June is the 15th consecutive month when the wholesale inflation was in double digit.</p>.<p>In May this year, it touched a record high of 15.88 per cent. In June 2021, it was 12.07 per cent.</p>.<p>India's current account deficit is expected to deteriorate in current fiscal year on account of costlier imports and tepid merchandise exports, a finance ministry report said on Thursday. </p>
<p>The rupee appreciated 7 paise to 79.92 against the US dollar in early trade on Friday as a firm trend in domestic equities and fresh foreign fund inflows strengthened investor sentiment.</p>.<p>However, a strong greenback in the overseas markets capped the gains of the local unit, forex traders said.</p>.<p>At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals, registering a gain of 7 paise over the last close.</p>.<p>In the previous session, the rupee had closed at an all-time low of 79.99 against the greenback.</p>.<p>The local currency was moving in a range of 79.95 and 79.88 in the morning trade.</p>.<p>On the domestic equity front, the 30-share Sensex was trading 282.93 points or 0.53 per cent higher at 53,699.08, while the broader NSE Nifty advanced 82.95 points or 0.52 per cent to 16,021.60.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.03 per cent to 108.57.</p>.<p>Global oil benchmark Brent crude futures rose 1.19 per cent to $100.28 per barrel.</p>.<p>Foreign institutional investors turned net buyers in the capital market on Thursday, as they bought shares worth Rs 309 crore, as per exchange data.</p>.<p>Meanwhile, wholesale price-based inflation eased to a three-month low of 15.18 per cent in June on a sharp decline in the prices of minerals, but food articles continued to remain costly. June is the 15th consecutive month when the wholesale inflation was in double digit.</p>.<p>In May this year, it touched a record high of 15.88 per cent. In June 2021, it was 12.07 per cent.</p>.<p>India's current account deficit is expected to deteriorate in current fiscal year on account of costlier imports and tepid merchandise exports, a finance ministry report said on Thursday. </p>