Rupee rises 7 paise to open at 83.14 against the US dollar
rupee depreciated 9 paise to end at its record closing low of 83.21 a dollar. Among other Asian currencies, the offshore Chinese yuan dropped to near 7.36 to the dollar.
Data showed US initial claims fell to 216,000, the lowest level since February and the fourth straight weekly decline. Meanwhile, crude oil prices eased from multi-months high levels, supporting the rupee.
Brent crude futures fell 0.56% to $89.42 a barrel, while US West Texas Intermediate crude (WTI) declined 0.69% to $86.27. On the domestic front, the Indian stock market indices, Sensex and Nifty, were trading flat-to-higher in the pre-opening session.
On Thursday, the Foreign institutional investors (FIIs) net sold Indian shares worth ₹758.55 crore, while Domestic Institutional Investors (DIIs) net purchased shares to the tune of ₹28.11 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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