Rupee Vs. USD: Rupee opens 3 paise lower against the USD

5 Jul 2023 , 11:42 AM

The Indian rupee started the day with a slight decline against the US dollar, following the overall weakness in Asian currencies. 

The rupee opened at 82.05 against the dollar, down 3 paise from the previous close of 82.02. Asian currencies experienced a decline after reports revealed a decrease in China’s services activity during the month of June.

Meanwhile, in the domestic market, Indian equity markets traded flat after reaching a fresh record high for the fifth consecutive session.

As per data, the Sensex, India’s benchmark index, recorded a decrease of 67.08 points, or 0.10%, settling at 65,411.97. Similarly, the Nifty, another key index, witnessed a decline of 20.10 points, or 0.1%, closing at 19,368.90.

On Tuesday, Foreign Institutional Investors (FIIs) were net buyers of Indian equities, accumulating stocks worth Rs 2,134.33 crore. On the other hand, Domestic Institutional Investors (DIIs) sold shares amounting to Rs 785.48 crore approximately, as per provisional data available on the exchanges.

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