14-09-2023 11:57 AM | Source: Accord Fintech
Rupee strengthens against US dollar on Thursday
Indian rupee strengthened against the US dollar on Thursday tracking firm domestic equities and as higher-than-expected US inflation data fuelled expectations that the US Federal Reserve would not raise interest rates at its meeting next week. However, elevated crude oil prices and foreign fund outflows limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 1,631.63 crore, exchange data showed.
The partially convertible currency is currently trading at 82.97, stronger by 4 paise from its previous close of 83.01 on Wednesday. The currency touched a high and low of 82.98 and 82.93 respectively.
Latest News
SAIL inks pact with Administrative Staff College of ...
NSE clocks 57 pc surge in net profit at Rs 3,137 cro...
Sell Johnson Controls-Hitachi Air Conditioning Ltd ...
Kartik Aaryan mobbed by fans at Mumbai?s Gaiety Gala...
Sarbananda Sonowal inaugurates key infra projects to...
B?town divas Kriti Sanon, Dhanashree Verma spotted a...
Kartik Aryan spotted in Mumbai
Rollover Analysis Report - November-2024 by Religare...
Neutral TVS Motor Company Ltd For Target Rs.2,610 By...
Buy SBI Life Insurance Ltd For Target Rs.2,100 By Mo...