Rupee gains 11 paise to open at 82.73 against the US dollar
rupee ended 12 paise lower at a more than two-month low level of 82.84 a dollar. In the US, nonfarm payrolls in July increased lower than economists’ expectations, and job additions for the previous two months were revised lower.
Investors will now focus on US consumer inflation data and the RBI policy decision that are due on Thursday. Meanwhile, crude oil prices traded flat after rising amid tightening supplies.
Brent crude futures rose 0.32% to $86.52 per barrel, while US West Texas Intermediate crude futures gained 0.34% to $83.10. On the domestic front, the Indian benchmark equity indices, Sensex and Nifty were trading higher in the pre-opening session.
On Friday, the Foreign institutional investors (FIIs) net sold Indian shares worth ₹556.32 crore, while Domestic Institutional Investors (DIIs) net bought shares to the tune of ₹366.61 crore, as per provisional data available on the exchanges. Catch Live Market Updates hereGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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