The Indian rupee started Wednesday’s trading session 6 paise lower against the US dollar due to the greenback’s strength ahead of the central bankers’ meeting in Jackson Hole. The rupee opened at 83.00 against the dollar, compared to its previous close of 82.94.
On Tuesday, the rupee had ended 17 paise higher at 82.94 against the dollar. The Sensex and Nifty, the benchmark equity indices, showed upward movement in the pre-opening session. Foreign institutional investors (FIIs) sold Indian shares worth Rs 495.17 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 533.75 crore, according to provisional exchange data.
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