Rupee Vs. USD: Indian Rupee Opened 7 Paise lower than the USD

19 Jul 2023 , 11:01 AM

Indian rupee opened 7 paise lower against the US dollar on Wednesday at 82.10 per dollar, compared to the previous close of 82.03.

The US dollar rebounded from a 15-month low and remained steady as traders assessed the US rate outlook. The US dollar index was 99.943 against a basket of currencies in early Asia trade.

On Tuesday, the rupee ended flat at 82.03 per dollar. Indian equity benchmark indices, Sensex and Nifty, traded higher near record high levels in the pre-opening session.

Foreign institutional investors (FIIs) net bought Indian shares worth Rs 2,115.84 crore, while Domestic Institutional Investors (DIIs) net sold shares amounting to Rs 1,317.56 crore, as per provisional data available on the exchanges.

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