Rupee trades flat at 83.23 against US dollar in early trade
rupee ended 5 paise lower at 83.23 a dollar. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The dollar retreated as the US Treasury yields dropped from its record levels after the US GDP data, durable goods sales orders as well as home sales numbers exceeded the estimated growth, analysts said.
Moreover, the European Central Bank's decision to leave the benchmark interest rate unchanged also came on expected lines. Global oil price benchmark Brent crude jumped 1.39% to $89.15 per barrel.
On the domestic equity market front, the Sensex traded 419.69 points, or 0.66%, higher at 63,567.84, while the broader Nifty rose 125.00 points, or 0.66%, at 18,982.25. Foreign Institutional Investors sold equities worth ₹7,702.53 crore on Thursday, according to exchange data.
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