Rupee Vs. Dollar: Rupee opens 3 paise up against the Dollar

26 Jun 2023 , 10:13 AM

The Indian rupee began the week with a slight gain against the US dollar, reflecting the mixed trend among Asian currencies and the influence of Russia’s recent turmoil on investor risk sentiment and the dollar index.

The rupee opened at 82.00 against the dollar, up by 3 paise compared to Friday’s closing rate of 82.03. The dollar index, which measures the value of the US dollar against a basket of currencies, remained stable at 102.70. In the previous session on Friday, the rupee had weakened by 9 paise against the US dollar, concluding at 82.03.

On the domestic front, Indian equity indices displayed a flat trend during the pre-opening session, taking cues from mixed performances in Asian markets.

Foreign institutional investors (FIIs) were observed as net sellers of Indian shares worth Rs 344.81 crore, while domestic institutional investors (DIIs) also net sold shares amounting to Rs 684.01 crore, according to provisional data available on the exchanges.