Rupee Vs. USD: Indian Rupee Opens 8 Paise Higher Against The USD

31 Aug 2023 , 10:18 AM

The Indian rupee commences trading on Thursday with an 8 paise gain against the US dollar This appreciation follows a drop in the dollar index, influenced by a downward revision of the second quarter US economic growth.

The local currency opens at 82.65 per dollar, contrasting the previous closing rate of 82.73. In the prior session, the rupee had concluded with a minor decline of 2 paise against the dollar, settling at 82.73.

Notably, the Indian benchmark equity indices, Sensex and Nifty, show upward movement during the pre-opening session. On the international investment front, Foreign Institutional Investors (FIIs) report a net sale of Indian shares worth Rs 494.68 crore on Wednesday. In contrast, Domestic Institutional Investors (DIIs) net purchased shares amounting to Rs 1,323.24 crore, according to provisional data from the exchanges.

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