Rupee falls 2 paise to 83.26 against US dollar in early trade
rupee ended at 83.24 against the US dollar. “Most traders are betting that the US FED is done with rate hikes and therefore we saw some reprieve in the rising dollar index," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Bhansali further said “the rupee is expected to remain in the same range as RBI continues to sell US dollars and protect the rupee from any depreciation beyond 83.30." (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Meanwhile, Brent crude futures, the global oil benchmark, rose 0.36% to $87.16 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 412.33 points, or 0.64%, higher at 64,493.23, while the broader NSE Nifty advanced 128.90 points, 0.67%, to 19,262.15.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they sold shares worth ₹1,261.19 crore, according to exchange data. Catch Live Market Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.Milestone Alert!
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