The rupee opened flat against the US dollar today. The rupee rose by 3 paise to 83.25 against the US dollar in early trade. At the Interbank Foreign Exchange today, the rupee opened at 83.26 against the US dollar and later rose 3 paise to 83.25 against the US dollar. Yesterday the rupee had closed at 83.28. Read the full news. (Jaglan data map)

Agency, New Delhi. The rupee opened today in a limited range due to the fall in the stock markets. The rupee today rose by 3 paise to reach 83.25 against the US dollar. Currency traders said continued outflows of foreign funds and a stronger dollar in overseas markets weighed on investor sentiment, leading to the rupee trading in a tight range.

At the interbank foreign exchange market, the Indian currency opened at 83.26 against the US dollar and touched a high of 83.25 later in the morning, 3 paise higher than its previous close. Let us tell you that on Wednesday the rupee had closed at 83.28 against the US dollar.

The US dollar index rose 0.04% to 106.60. Global oil benchmark Brent crude futures fell 0.55% to $91 a barrel.

Currency traders said crude oil prices fell as markets awaited further developments in the Israel-Hamas war, while the focus remained on upcoming signals from the Federal Reserve.

Stock markets continue to fall

In Thursday’s trade, BSE Sensex was trading at 65,441.79 points, down 435.23 points or 0.66 per cent. Meanwhile, NSE Nifty fell 131.00 points or 0.67% to 19,540.10. According to exchange data, foreign institutional investors (FIIs) became net sellers in the capital market on Wednesday and sold shares worth Rs 1,831.84 crore.

Anil Kumar Bhansali, Treasurer and Executive Director, Finrex Treasury Advisors LLP said