(MENAFN- Khaleej Times) The rupee rose 5 paise to 83.23 against the US dollar (22.67 against the UAE dirham) in early trade on Wednesday, recovering from its steep loss in the past two sessions amid a massive selling by foreign equity investors and a strengthening American currency.
Weak sentiment in the global equity markets and surging crude oil prices also weighed on the Indian currency, forex traders said.
At the interbank foreign exchange, the currency opened at 83.23 and traded in a narrow range of 83.21 to 83.24 against the greenback. It later traded at 83.23 against the dollar, registering a gain of 5 paise from its previous close.
ALSO READ:
Indian rupee continues to fall for second day in a row
Indian rupee falls 16 paise against US dollar in early trade
Indian rupee, perched near record low, to remain under pressure
MENAFN27092023000049011007ID1107150289
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.