Bharat Express

Rupee

The rupee traded lower by 0.12, driven by a rising dollar index that climbed from $100.50 to $102.40. Experts noted ongoing tensions in the Middle East would likely keep oil prices high and weaken the rupee in the short term

Forex traders said foreign capital outflows also weighed on the rupee. However, a soft US dollar against key rivals overseas supported the domestic currency.

Foreign institutional investors (FIIs) were net sellers in the capital markets on Tuesday as they offloaded shares worth Rs 1,622.69 crore, according to exchange data.

At the interbank foreign exchange, the domestic currency opened at 82.87 and inched up further to trade at Thursday's closing level of 82.85 against the greenback.

A positive cue from domestic equity markets and sustained buying by foreign institutional investors also supported the Indian currency, forex traders said.

Bhansali further noted that Brent oil price rose to USD 78 per barrel as the Middle East supply worries and Houthi attacks continued in the Red Sea.

Indian rupee experienced a depreciation of 11 paise against the US dollar, settling provisionally at 83.32 amidst various factors impacting both global and domestic markets

The government's fiscal deficit reached 45 percent of the full-year budget forecast at the end of October

The rupee ended the day on Wednesday 9 paise weaker at 83.13 against the dollar. Previously, on August 21, the Indian rupee had ended the day at the same price of 83.13.

At the interbank foreign exchange, the domestic unit opened at 81.74, then touched a high of 81.67 against the American currency, registering a rise of 14 paise over its last close.