On Wednesday, the rupee strengthened against the US dollar by 42 paise to close at 81.90 as strong buying in domestic shares boosted investor confidence. Additionally, forex dealers noted that the domestic currency was supported by inflows of foreign capital and an increase in risk appetite. The local currency at the interbank foreign exchange market started the day off well at 82.08 versus the dollar and reached an intraday high of 81.90 and a low of 82.20.
