The Indian rupee started the trading day on a positive note, gaining 13 paise against the US dollar. This upward movement can be attributed to a retreat in the strength of the US dollar and US yields.
The local currency commenced trading at 83.02 against the US dollar, an improvement from the previous day’s close at 83.15. In the previous trading session, the Indian rupee had faced a decline of 20 paise, closing at an all-time low of 83.15 against the US dollar.
On the domestic front, both the Sensex and Nifty, the Indian equity benchmark indices, displayed a weakening trend during the pre-opening trading session.
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