08-03-2022 09:42 AM | Source: Reuters
Indian rupee flat at open as dollar climbs
The Indian rupee was little changed on Wednesday after opening slightly higher versus the dollar as a strengthening greenback countered gains from portfolio inflows to local markets.
The currency was trading at 78.7125 by 0335 GMT, which was at the same level as its close on Tuesday. It did however pop to a 78.68 at the open.
Traders told Reuters rupee would sustain the current level on inflows but has little upside to make further gains as India's trade deficit widening to an all-time high in July would weigh on sentiment.
Latest News
SBFC Finance Soars in Q4FY24, Ending Year on a High
Kiya.ai Strengthens Its Global Footprint in the Phil...
Coming Week's Market Report by Alex Volkov, Market A...
India Strategy : Where Money Flows - Mar 2024 by Yes...
Nifty, Bank Nifty and Stocks to watch out 27.04.2024...
FPI selling in equity markets getting absorbed by do...
India set to sign trade deal with Oman to expand its...
India Yes Bank posts Q4 profit beat on lower provisions
Reduce Dr Reddys? Ltd For Target Rs.1,808 - Yes Secu...
Buy Restaurant Brands Asia Ltd For Target Rs.140 -...