Rupee Vs. USD: Indian Rupee Opens 6 Paise Higher Against The USD

22 Nov 2023 , 11:37 AM

The rupee strengthened to 83.28 against the US dollar in early trade on Wednesday, benefiting from a weaker US dollar. Opening 6 paise higher at 83.30, the local currency showed improvement compared to the previous close of 83.36. Tuesday saw the rupee closing 2 paise lower, reaching a record closing low of 83.36 against the dollar.

Brent crude futures, the global oil benchmark, experienced a marginal 0.10% decline, settling at $82.37 per barrel.

In the domestic equity market, the 30-share BSE Sensex showed a modest 0.10% increase, trading at 65,999.16. Simultaneously, the NSE Nifty 50 rose by 22.05 points, or 0.11%, reaching 19,805.45.

Foreign Institutional Investors (FIIs) were net sellers on Tuesday, with a sell-off of shares amounting to Rs 455.59 crore, according to exchange data.

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