Mumbai: The Indian rupee appreciated against the US dollar in early trade on Wednesday. As per market experts, the weakening of the America currency, sustained foreign fund inflows and softening crude oil prices in the overseas market supported the Indian currency even though it was pressured by a subdued sentiment in the domestic equity markets.
At the interbank foreign exchange market, the Indian currency opened stronger by 8 paise at 83.08 and then touched the lowest level of 83.11 against the greenback, registering a gain of 5 paise from its previous close. On Monday, the Indian rupee closed 4 paise lower at 83.16 against the US dollar. Forex markets were closed on Tuesday on account of Dussehra.
Also Read: Eastcoast Vijayan’s new film officially begins with pooja ceremony
Foreign Institutional Investors bought equities worth Rs 252.25 crore on Monday.
Post Your Comments