Rupee rises 3 paise to 83.23 against US dollar in early trade
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Analysts expect the rupee to stay in a narrow range as traders may take cues from retail sales and industrial production data from the US. Data on the US crude weekly inventory, China's GDP, industrial production, UK and European region inflation are also awaited.
Brent crude futures, the global oil benchmark, witnessed a sharp rise of 2.12% to $91.81 per barrel. The domestic equity market recovered from early losses.
The 30-share BSE Sensex was trading 15.48 points or, 0.02%, lower at 66,412.61, while the NSE Nifty 50 declined 5.20 points, or 0.03%, to 19,816.70. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday as they purchased shares worth ₹263.68 crore, according to exchange data.
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