Foreign Institutional Investors (FIIs) bought equities worth ₹599.54 crore on a net basis on Friday.
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Reversing its early gains, the rupee closed lower by 7 paise at 95.96 against the US dollar on Friday amid a strong American currency and high crude oil prices.
Positive momentum in domestic equity markets and forex inflows, however, capped losses in the Indian currency, forex traders said.
At the interbank foreign exchange market, the rupee opened at 95.75 and touched the intraday high of 95.71 in the first half. Later, the rupee came under pressure, closing at the day’s low of 95.96 against the greenback, down by 7 paise from the previous closing level.
The local unit had ended 2 paise higher at 95.89 against the American currency on Thursday, after declining 150 paise, or nearly 1.5 per cent, in the preceding seven sessions.
Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan, said the rupee traded in a range after opening higher on firm domestic markets and a correction in crude oil prices. However, it gave up initial gains on a positive dollar.
“Traders may take cues from industrial production data from the US. USD-INR spot price is expected to trade in a range of ₹95.65 to ₹96.15,” Choudhary said.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.24 per cent higher at 100.39.
Brent crude, the global oil benchmark, cut losses in the second half and was trading 0.19 per cent lower at $104.60 per barrel.
In domestic equities, Sensex fell 19.63 points, or 0.03 per cent, to settle at 74,294.96, while the Nifty gained 75.80 points, or 0.33 per cent, to close at 23,346.40.
Foreign Institutional Investors (FIIs) bought equities worth ₹599.54 crore on a net basis on Friday, according to exchange data. FIIs bought shares worth ₹38,461.63 crore and sold equities worth ₹37,862.09 crore, resulting in net inflow of ₹599.54 crore.
Published on September 19, 2026
