Mumbai:
The rupee rose by only one paise to 84.06 per US greenback (INR vs USD) in early commerce on Monday amid steady outflow of international capital and comfortable pattern in home inventory markets.
Foreign exchange merchants stated that the sturdy greenback is placing stress on the native unit, because of which the rupee is predicted to commerce in a restricted vary through the day. Rising crude oil costs additionally weighed on the native unit, whereas any intervention by the Reserve Financial institution of India (RBI) might assist the native foreign money at decrease ranges.
The rupee opened at 84.07 per greenback within the interbank international alternate market. After preliminary offers, it reached 84.06 per greenback, which reveals a rise of 1 paisa from the earlier closing worth. The rupee had closed at 84.07 in opposition to the US greenback on Thursday, and international alternate markets had been closed on Friday, November 1, in view of Diwali.
In the meantime, the greenback index, which gauges the US greenback’s place in opposition to six main currencies, stood at 103.63, down 0.62 per cent.
Worldwide customary Brent crude stood at $ 74.21 per barrel with a acquire of 1.52 %.
In line with inventory market information, international institutional buyers (FIIs) had been sellers within the final buying and selling session and bought shares price a internet Rs 211.93 crore.
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