Early trading sees the rupee rise 18 paise to 81.08 against thedollar

Early on Friday, the rupee gained 18 paise to 81.08 against the dollar due to a weaker dollar
in international trading. Forex traders claimed that the local currency was under pressure
from weak domestic equities and foreign fund outflows, which limited the inclination for
appreciation. The native currency rose 18 paise from its previous close to reaching 81.08 at
the interbank foreign exchange, where it had begun at 81.11 against the dollar.
According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth 1,565.93
crores on Thursday, making them net sellers in the capital markets.
In the meantime, November’s GST receipts increased by 11% to almost 1.46 lakh crore. The
revenues have exceeded the 1.4 lakh crore threshold for nine months in a row. However,
November had the lowest collection since August.