The Indian rupee opened 9 paise higher against the US dollar at 82.28, supported by a weak greenback, easing crude oil prices, and foreign fund inflows.
The Indian rupee had ended the previous day at 82.37 a dollar, closing 5 paise higher. The US consumer price index (CPI) indicated a 4% annual increase in May, showing a slowdown from April’s 4.9%.
Crude oil prices experienced a decline due to an increase in US crude stocks, which indicates weak demand. Foreign Institutional Investors (FII) purchased Indian shares worth Rs1,677.60 crore on Monday, while Domestic Institutional Investors (DII) sold Indian shares worth Rs203.32 crore, according to data from the exchanges.
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