Rupee Vs USD: Indian Rupee Opens 2 Paise Higher Against The USD

14 Sep 2023 , 09:31 AM

The Indian rupee opened 2 paise higher against the US dollar on Thursday due to a stable US dollar following the release of higher-than-expected US inflation data. The local currency’s opening rate was 82.97 a dollar, a slight increase from the previous day’s closing rate of 82.99.

The dollar index remained steady at 104.78, maintaining a level similar to its position before the US inflation data was announced. 

On the preceding day (Wednesday), the rupee depreciated by 7 paise, ending the day at 82.99 against the US dollar. In the domestic market, the benchmark equity indices in India, Sensex and Nifty, were trading higher during the pre-opening session.

On the same Wednesday, Foreign Institutional Investors (FIIs) recorded a net sale of Indian shares amounting to Rs 1,631.63 crore, while Domestic Institutional Investors (DIIs) net purchased shares valued at Rs 849.86 crore, as per provisional data reported by the stock exchanges.

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