Indian rupee rises against US dollar in early trade

Getty Images

Rupee is trading in narrow range as strong American currency and elevated crude oil prices weighed on the local unit

Staff Writer, Khaleej Times

February 15, 2024

PHOTO

The rupee appreciated 3 paise to 82.99 against the US dollar in early trade on Thursday, amid a positive trend in domestic equities.

Forex traders said rupee is trading in a narrow range as strong American currency and elevated crude oil prices weighed on the local unit and restricted the uptick in the domestic unit.

At the interbank foreign exchange, the domestic currency opened at 83.00, then touched 82.99 against the greenback in initial deals, registering a rise of 3 paise from its previous close.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO