The Indian rupee opened 12 Paise lower against the dollar on Wednesday due to losses in Asian currencies and reduced risk appetite after Fitch’s US credit rating cut. The rupee starts at 82.38 per dollar compared to the previous close 82.26.
Asian currencies declined as the dollar index rose to 102.16, while the 10-year US yield fell in the Asia session. Indian equity indices, Sensex, and Nifty traded lower in the pre-opening session.
Foreign institutional investors (FIIs) net sell Indian shares worth Rs 92.85 crore, while Domestic Institutional Investors (DIIs) net purchase shares worth Rs 1,035.69 crore on Tuesday, according to provisional data available on the exchanges.
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