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Forex Market: Indian rupee opens marginally higher against US dollar

Mumbai: The Indian  rupee opened marginally higher against the US dollar on Tuesday. At the interbank foreign exchange, the  local currency opened at 83.08 a dollar.  as compared to previous close of 83.11. On Monday, the rupee ended at 83.11 a dollar.

Also Read: India’s crude oil imports from Russia dipped for first time in nine months 

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.173, down 0.12 % from its previous close of 103.30. The Foreign institutional investors (FIIs)  sold Indian shares worth Rs 1,901.10 crore, while Domestic Institutional Investors (DIIs)  purchased shares worth Rs 626.25 crore.

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