Rupee 14 Paise Up To 81.65 Against US Dollar During Early Trade
The Indian rupee started at 81.72 against the dollar and further was recorded at 81.65. Brent crude futures, moved 0.50 per cent up to USD 87.89 per barrel, it is the global oil benchmark
The rupee went up by 14 paise to 81.65 against the US dollar during early trade on 21 November. This came after the American currency withdrew from its elevated levels.
According to the Forex traders, foreign fund outflows and a lowered trend in domestic equities pulled-on the local unit and restricted the appreciation bias.
The Indian rupee started at 81.72 against the dollar and further was recorded at 81.65. It registered a rise of 14 paise as compared to its previous close at the interbank foreign exchange.
The rupee depreciated by 5 paise, closing at 81.79 against the US dollar, on 21 November.
At the same time, the dollar index, fell 0.24 per cent to 107.57. It measures the greenback’s strength against a basket of six currencies, on 21 November.
Expectedly, the Indian rupee may trade in a range-bound manner along with the boosted American currency and cautiousness in the markets. This came after the fears of a return to stricter COVID restriction measures in China, which weighed on Asian currencies, according to the experts.
Brent crude futures, moved 0.50 per cent up to USD 87.89 per barrel, it is the global oil benchmark.
The 30-share BSE Sensex traded at 52.74 points or 0.09 per cent higher at 61,197.58. The broader NSE Nifty surged 13.25 points or 0.07 per cent to 18,173.20, in the domestic equity market.
Foreign Institutional Investors (FIIs) sold shares worth Rs 1,593.83 crore, resulting in being the net sellers in the capital markets on 21 November, revealed the exchange data.