The Indian appreciated 12 paise to 75.25 against the US dollar in opening trade on Thursday, buoyed by heavy buying in domestic equities and fresh foreign fund inflows.

Weakness of the American currency in the overseas market also helped the domestic unit, forex dealers said.

However, higher crude prices restrained the to gain momentum, they added.

At the interbank foreign exchange, the domestic unit opened strong at 75.27 against the US dollar, then gained further ground to 75.25, registering a rise of 12 paise against the previous close.

In initial deals, the was trading in a tight range of 75.25 and 75.27 with a positive bias against the greenback.

The domestic had settled at 75.37 against the US currency on Wednesday.

On the domestic equity market front, the BSE Sensex was trading 327.18 points or 0.54 per cent higher…

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