Mumbai: The Indian rupee depreciated against the U.S. dollar in early trade on April 30 amid a strong American currency against major Asian rivals and an upward movement in the crude oil prices. However, positive sentiment in the domestic equity markets and inflow of foreign capital in the Indian equities capped the fall in the Indian currency.
At the interbank foreign exchange, the domestic currency opened at 83.46 against the US dollar and then slipped further to 83.48, registering a loss of 3 paise compared to its previous closing level. On Monday, the Indian rupee had settled 7 paise lower at 83.45 against the US dollar.
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Meanwhile, the dollar index, which gauges the US dollar’s strength against a basket of six currencies, rose 0.27 per cent to 105.73. Foreign institutional investors (FIIs) were net buyers in the Indian capital markets on Monday, as they purchased shares worth Rs 169.09 crore.
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