Rupee Vs. USD: Indian Rupee Opens 5 Paise Higher Against The USD

21 Aug 2023 , 09:52 AM

The Indian rupee has shown resilience by opening 5 paise higher against the US dollar on Monday, despite Asian currencies experiencing losses due to concerns over rising US yields. The initial trading rate for the Indian rupee against the dollar stands at 83.05, a positive shift from the previous closing rate of 83.10 recorded on Friday. Last week concluded with the rupee managing to secure a 5-paise gain against the dollar, ultimately closing at 83.10.

On the domestic front, the Sensex and Nifty indices have opened lower during the pre-opening session, drawing attention to their potential influence on broader market sentiment.

Market data from the previous trading day reveals a distinctive investment pattern. Foreign institutional investors (FIIs) saw a net sale of Indian shares worth Rs 266.98 crore, while Domestic Institutional Investors (DIIs) displayed a divergent behavior, net purchasing shares valued at Rs 339.18 crore.

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