Rupee traded in a limited range against the US currency in early trade
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Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies of the world, remained stable at 103.55. Global oil benchmark Brent crude was trading 0.13 per cent lower at $82.34 per barrel.
The rupee traded in a narrow range against the US dollar in early trade on Wednesday amid a soft trend in domestic equity markets. Forex traders said investors’ sentiments have been affected by the continuous withdrawal of foreign funds.
The rupee opened at 83.31 against the dollar in the interbank foreign exchange market. After this it traded between 83.30 to 83.32 per dollar. The rupee had closed at 83.28 against the American currency on Tuesday.
Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies of the world, remained stable at 103.55. Global oil benchmark Brent crude was trading 0.13 per cent lower at $82.34 per barrel.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 455.59 crore on Tuesday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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