Indian Rupee Rises 6 Paise Against US Dollar In Early Trade


(MENAFN- Khaleej Times) The rupee stayed on upward track for the second straight session and gained 6 paise to 83.28 (Dh22.69) against the US dollar in early trade on Wednesday amid a weak American currency and foreign fund inflow in the domestic equities.

Positive sentiment in the domestic equity markets and easing crude oil price also boosted the Indian currency, said Forex traders.

At the interbank foreign exchange, the rupee opened stronger at 83.30 against the dollar but slipped to 83.33. It later traded at 83.28 against the greenback, up 6 paise over its previous close.

ALSO READ:

  • Abu Dhabi stock exchange launches ESG benchmark index ahead of COP28
  • Time to sell? Gold prices continue to rise in UAE, hit 6-month high

MENAFN29112023000049011007ID1107507863


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.