Mumbai: The Indian currency appreciated against the US dollar in early trade on Wednesday. Easing crude oil prices supported the upward rally of Indian rupee. However, the Indian currency remained under pressure amid a negative trend in domestic equities.
At the interbank foreign exchange, the domestic currency opened at 83.30 and touched 83.28 against the US dollar in initial trade, registering a rise of 4 paise from its previous close. On Tuesday, the domestic currency settled at 83.32 against the dollar.
Also Read: Indian Railways update: Several trains delayed due to fog: Full list
Meanwhile, the dollar index, which gauges the US currency’s strength against a basket of six currencies, was trading 0.11 per cent lower at 102.08. Foreign institutional investors (FIIs) were net buyers in the Indian equity market on Tuesday as they purchased shares worth Rs 1,602.16 crore.
Post Your Comments