The Indian rupee gained against the US dollar on Friday tracking positive domestic equities. All eyes will be glued to the 43rd Goods and Services Tax (GST) Council meeting later in the day.
At the interbank foreign exchange, the domestic unit opened at 72.46 against the dollar, then inched higher to 72.35/$, registering a gain of 23 paise over its previous close.
The local unit on Thursday had settled at 72.60 against the US dollar.
On the domestic equity market front, BSE Sensex was trading 208 points or 0.41% higher at 51,331, while the broader NSE Nifty gained 80 points or 0.52% to 15,417.
On the international front, Senate Republicans on Thursday has unveiled their $928 billion infrastructure counteroffer to President Joe Bidens $1.7 trillion proposals. Republicans again rejected Biden's call to raise corporate taxes, contending they could cover infrastructure costs with funds already allocated by Congress or with transportation user fees, the media reports stated.
Besides, foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs660.90cr, as per exchange data on Thursday.
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