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Monday, March 4, 2024

“Indian rupee stable as equities rise against US dollar”

“On Thursday, the rupee inched up by 1 paisa to reach 83.21 against the US dollar (22.67 against the UAE dirham) in a limited trading session. This increase came amidst positive performance in the domestic stock market.

In the early trading session, the Indian currency remained relatively stable, with gains in domestic stocks being counterbalanced by rising crude oil prices and the US dollar index staying above the 106-mark against major currencies, according to forex dealers.

The rupee initially opened at 83.22 against the US dollar and fluctuated between 83.25 and 83.20 during the morning trading session. By 9.35 am, it had reached 83.21 against the US dollar, marking a slight gain of 1 paisa compared to the previous close.”

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