The Indian rupee strengthened by 4 paise to 81.87 against the US dollar due to positive domestic markets and steady foreign fund inflows. However, the rupee’s gains were limited by a strong US dollar and rising crude oil prices. The dollar index rose slightly to 103.01, and Brent crude futures increased to $75.12 per barrel. The rupee’s direction is expected to be influenced by the release of the Federal Open Market Committee meeting minutes. Foreign investors were net buyers in the capital market, purchasing shares worth Rs 1,995.92 crore.
