7/06/2023 12:18:34 PM | Source: Accord Fintech
Rupee strengthens against US dollar on Wednesday
Indian rupee strengthened against the US dollar on Wednesday amid a positive trend in domestic equities ahead of RBI's monetary policy outcome with expectations to leave the repo rate unchanged at 6.5%. Moreover, rally in global markets and fresh foreign fund inflows also supported rupee sentiments. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Tuesday as they purchased shares worth Rs 385.71 crore, exchange data showed.
The partially convertible currency is currently trading at 82.50, stronger by 10 paise from its previous close of 82.60 on Tuesday. The currency touched a high and low of 82.5750 and 82.4650 respectively.
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