India News | Rupee Rises 1 Paisa to 83.28 Against US Dollar in Early Trade
Get latest articles and stories on India at LatestLY. The rupee appreciated by 1 paisa to 83.28 against the US dollar in early trade on Friday amid a weak American currency and softening crude oil prices.
Mumbai, Nov 10 (PTI) The rupee appreciated by 1 paisa to 83.28 against the US dollar in early trade on Friday amid a weak American currency and softening crude oil prices.
Forex traders said negative equity market sentiment and selling pressure from foreign investors kept the Indian currency range-bound.
At the interbank foreign exchange, the rupee opened at 83.28, higher by 1 paisa from its previous close.
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On Thursday, the rupee closed at 83.29 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.86.
Brent crude futures, the global oil benchmark, rose 0.42 per cent to USD 80.35 per barrel.
In the domestic equity market, the BSE Sensex declined 187.32 points or 0.29 per cent to 64,644.88. The NSE Nifty fell 47.20 points or 0.47 per cent to 19,348.10.
According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 1,712.33 crore.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)