Rupee Vs. USD: Indian Rupee opens 11 paise higher against the USD

25 Jul 2023 , 10:07 AM

The Indian rupee opened 11 paise higher against the US dollar on Tuesday due to gains in other Asian currencies and positive risk sentiment. The local currency began trading at 81.71 a dollar, compared to the previous day’s close of 81.82.

Asian currencies rose, led by the offshore Chinese yuan, while the dollar index slightly decreased to near 101.30.

On the domestic front, the Indian equity benchmark indices Sensex and Nifty opened higher, adding to the positive market sentiment.

On Monday, Foreign Institutional Investors (FIIs) net sold Indian shares worth Rs 82.96 crore, while Domestic Institutional Investors (DIIs) purchased shares worth Rs 934.87 crore, according to provisional data available on the exchanges.

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