Rupee Vs. USD: Indian Rupee gained 9 paise against the USD

10 Jul 2023 , 10:33 AM

The Indian rupee started the week on a positive note, opening 9 paise higher against the US dollar, supported by a weaker greenback and a decline in crude oil prices. The local unit opened at 82.65 against the dollar, compared to the previous close of 82.74 on Friday.

On Friday, the rupee had depreciated by 23 paise, closing at a six-week low of 82.74 against the US dollar due to concerns about potential interest rate hikes by the Federal Reserve. On the domestic front, the benchmark equity indices in India were trading higher during the pre-opening session, indicating a positive market sentiment.

Foreign Institutional Investors (FIIs) made net purchases of Indian shares worth Rs 790.40 crore on Friday, while Domestic Institutional Investors (DIIs) sold shares worth Rs 2,964.23 crore.

For feedback and suggestions, write to us at [e-mail]