The Indian rupee began the trading day steady against the US dollar on Thursday, in anticipation of the Reserve Bank of India’s (RBI) monetary policy announcement.
The local currency commenced at 82.81 against the dollar, a minor deviation from the previous close of 82.82. The RBI is expected to maintain the repo rates at 6.5% amidst ongoing concerns about inflation.
Domestically, both the Sensex and Nifty, Indian equity benchmark indices, opened with a downward trend. In Wednesday’s trading, Foreign Institutional Investors (FIIs) displayed a net purchase of Indian shares worth Rs 644.11 crore. Conversely, Domestic Institutional Investors (DIIs) witnessed a net sale of shares amounting to Rs 597.88 crore, according to provisional exchange data.
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