Rupee Vs. USD: Rupee opens 13 paise higher against the USD

14 Jul 2023 , 11:26 AM

The Indian rupee continued its upward trajectory against the US dollar, opening 13 paise higher on Friday, supported by a weaker greenback and sustained foreign institutional investor (FII) inflows into the domestic equities market.

The rupee began trading at 81.94 against the dollar, compared to the previous day’s closing of 82.07. In Thursday’s trading session, the rupee had gained 18 paise to close at 82.07 against the dollar.

On the domestic front, the Indian benchmark indices, Sensex and Nifty, were showing positive momentum in the pre-opening session, indicating a favorable market sentiment.

As per provisional data available on the exchanges, foreign institutional investors (FIIs) were net buyers of Indian equities, accumulating a total worth of Rs 2,237.93 crore on Tuesday.  Conversely, domestic institutional investors (DIIs) were net sellers during the same period, offloading shares amounting to Rs 1,196.68 crore.

For feedback and suggestions, write to us at [e-mail]