The Indian rupee rose by 8 paise to 81.93 against the US dollar due to a weak dollar and strong inflow of foreign funds into domestic equity markets. Forex traders said declining crude prices helped the rupee, and concerns of a possible further interest rate increase by the US Fed also weakened the dollar. The dollar index fell 0.05% to 102.03, while benchmark Brent crude traded 0.30% lower at $76.89 per barrel. Meanwhile, foreign institutional investors bought shares worth Rs 4,013.10 crore in the capital markets on Wednesday.
