Rupee rises 1 paisa to 88.11 against US dollar in early trade
Mumbai (PTI): The rupee rose 1 paisa to 88.11 against the US dollar in early trade on Friday on the back of a weaker greenback and a drop in global crude oil prices.
However, sustained FII outflows capped further gains in the local unit, according to forex traders.
Positive sentiments in the domestic equity markets further lent support to the rupee, which had slipped to its record low-level earlier this week, they said.
At the interbank foreign exchange, the rupee opened at 88.11 against the US dollar and then slipped to 88.15 before returning to 88.11, up 1 paisa from its previous close.
The local unit fell 10 paise to close at 88.12 against the US dollar on Thursday.
"The rupee is expected to remain in a range of 88-88.30 for today (Friday) as we await US non-farm payrolls data," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said, pointing out that the Reserve Bank of India has been protecting 88.20 since the past four days.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.24 per cent to 98.10.
Brent crude, the global oil benchmark, was trading 0.15 per cent lower at USD 66.89 per barrel in futures trade.
On the domestic equity market front, Sensex rose 318.55 points to 81,036.56 in early trade, while Nifty rallied 98.05 points to 24,832.35.
Foreign institutional investors offloaded equities worth Rs 106.34 crore on Thursday, according to exchange data.
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KKR defeat LSG via Super Over
Lucknow (PTI): Kolkata Knight Riders edged Lucknow Super Giants via Super Overs in a battle between two bottom-placed teams in the IPL, here on Sunday.
Chasing a modest 156, LSG suffered a batting collapse and managed to tie the contest and take it to Super Over with No. 9 Mohammed Shami striking a last-ball six against a wayward Kartik Tyagi, who leaked 16 runs in the final over.
But Sunil Narine bowled a stunning Super Over conceding just one run and taking two wickets to give KKR an easy target.
Rinku Singh then finished the chase with a boundary off first ball from Prince Yadav.
Earlier the KKR were in deep trouble with 93/7 in 15 overs but Rinku smashed a sensational 83 not out from 51 balls including four sixes in a row in the final over to lift them to 155/7.
Cameron Green (34) was the only other batter to reach double-digit scores as KKR suffered a familiar batting meltdown with Mohsin taking his maiden fifer.
In reply, LSG continued their dismal show with the bat to succumb to their fifth loss in a row.
Brief Scores:
Kolkata Knight Riders 155/7; 20 overs (Rinku Singh 83 not out, Cameron Green 34; Mohsin Khan 5/23). Lucknow Super Giants 155/8; 20 overs (Rishabh Pant 42). KKR won via Super Over.
