Indian rupee touches 18.12 against UAE dirham

Mumbai - Fresh foreign capital inflows boosted the rupee against the dollar, a forex dealer said.

After a marginal loss, the Indian rupee recovered against the American currency by 14 paise to 66.82 per dollar on fresh selling of dollars by banks and exporters on the back of weakness of dollar in the overseas market. It touched 18.12 against UAE dirham.

Fresh foreign capital inflows also boosted the rupee against the dollar, a forex dealer said. Foreign investors bought shares net Rs 393.33 crs on Thursday as per the provisional data issued by stock exchanges.

The rupee resumed stable at its overnight level of 66.96 per dollar and hovered in a range of 66.7825 per dollar and 66.97 per dollar before ending at 66.82 per dollar, showing a gain of 14 paise or 0.21 per cent.

On Wednesday, the domestic currency eased by four paise or 0.06 per cent.

The dollar index was trading higher by 0.06 per cent at against a basket of six currencies in the late afternoon trade.

In the overseas market, the US dollar fell against its major rivals yesterday, reversing an earlier advance as the latest commentary from the Federal Reserve indicated a desire to hike rates "fairly soon," but expressed uncertainty about President Donald Trump's fiscal policies.

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