Rupee Vs. USD: Rupee Opens 27 Paise Higher Against The USD

22 Sep 2023 , 10:06 AM

The Indian rupee opened 27 paise higher against the US dollar on Friday due to JPMorgan’s announcement to include India in the emerging market bond index. This move is expected to bring in significant inflows worth billions of dollars. The opening exchange rate was 82.82 rupees to a dollar, better than the previous close of 83.09 rupees. On the previous day (Thursday), the rupee had a slight depreciation, ending 2 paise lower at 83.09.

In the domestic stock market, the benchmark equity indices, Sensex and Nifty, were trading slightly lower during the pre-opening session. On Thursday, foreign institutional investors (FIIs) net sold Indian shares worth Rs 3,007.36 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,158.14 crore, as per provisional data from the exchanges.

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