Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial services, said the dollar fell to the lowest level in five months on Thursday as economic numbers released from the US came below estimates.
“We expect the USDINR (Spot) to trade sideways and quote in range of 83.00 and 83.30,” he added.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.02 per cent at 101.20 on Friday.
Global oil price benchmark Brent crude climbed 0.44 per cent to USD 77.49 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 150.76 points, or 0.20 per cent, lower at 72,259.62. The broader NSE Nifty declined 50.70 points, or 0.23 per cent, to 21,728.00.
Foreign Institutional Investors (FIIs) bought equities worth Rs 4,358.99 crore on Thursday, according to exchange data.
