Rupee trades flat at 83.26 even as dollar falls to over 2-month low
rupee settled at 83.27 against the dollar. “Rupee opened virtually unchanged as demand for dollars continues unabated and RBI keeps its supply tap on," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Brent crude futures, the global oil benchmark, rose 0.86% to $81.30 per barrel. On the domestic front, the equity market traded lower.
The BSE Sensex fell 207.21 points, or 0.31%, to 65,587.52points, while the NSE Nifty 50 traded 43.10 points, or 0.22%, lower at 19,688.70 points. Meanwhile, India’s forex kitty decreased by $462 million to $590.321 billion for the week ended November 10, the Reserve Bank said on Friday.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday as they sold shares worth ₹477.76 crore, according to exchange data. Catch Live Market Updates here (With inputs from PTI) 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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