2023-11-17 12:00:19 pm | Source: Accord Fintech
Rupee weakens against US dollar on Friday
Indian rupee weakened against the US dollar on Friday due to a firm American currency at overseas markets, even with growing bets that the US Federal Reserve might cut interest rates next year. Moreover, volatility in domestic equities also dampened rupee sentiments. However, foreign fund inflows and overnight losses in crude oil prices have restricted losses in the rupee. Foreign Institutional Investors emerged as net buyers in the capital market on Thursday as they bought shares worth Rs 957.25 crore, exchange data showed.
The partially convertible currency is currently trading at 83.26, weaker by 3 paise from its previous close of 83.23 on Thursday. The currency touched a high and low of 83.28 and 83.2350 respectively.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Ideaforge Technology leads the gainers of group A on...
Perspective on AMFI Data by Dr. Vikas Gupta, CEO & C...
Tata Chemicals inches up on getting nod to raise up ...
Asian Paints slips on reporting 45% fall in Q4 conso...
Inventurus Knowledge Solutions moves up on the BSE
Zydus Lifesciences rises on getting USFDA?s approval...
Ampvolts shines on inking MoU with Mecpower Solutions
Rupee strengthens against US dollar on Friday
India`s retail sector surges with 169 pc growth in Q...
India`s warehousing sector clocks 50 pc leasing grow...
