INSUBCONTINENT EXCLUSIVE:
Mumbai: The rupee appreciated by 5 paise to 75.13 against the US dollar in opening trade on Friday tracking positive domestic equities and
weakening of the American currency.At the interbank forex market, the domestic unit slipped 7 paise to 75.25 against US dollar in opening
trade, but soon recouped the losses amid high volatility and touched 75.13 against the US dollar, gaining 5 paise over its previous close.It
had settled at 75.18 against the US dollar on Thursday.Forex traders said positive opening in domestic equities and weak American currency
supported the rupee, while foreign fund outflows and rising COVID-19 cases weighed on the local unit down.The dollar index, which gauges the
greenback''s strength against a basket of six currencies, fell 0.09 per cent to 96.25.On the domestic equity market front, the 30-share BSE
benchmark Sensex was trading 198.41 points higher at 36,670.09 and broader NSE Nifty rose 71.10 points to 10,811.05.
