Share Market: Rupee remained in a limited range against the US dollar in early trade.
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The rupee remained in a tight range against the US dollar in early trade on Monday amid weakness in the domestic stock markets. Forex traders said a weak dollar and softening crude oil prices supported the rupee.
The rupee opened weak at 82.74 against the dollar in the interbank foreign exchange market. However, the rupee soon made a comeback and touched 82.64 against the dollar in early trade, registering a rise of three paise over its previous closing price.
The rupee had closed 16 paise higher at 82.67 against the US dollar on Thursday. The foreign exchange market was closed on Friday on the occasion of Mahashivratri. Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, was up 0.02 percent at 102.72.
Global oil benchmark Brent crude futures were down 0.67 per cent at US$81.53 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 7,304.11 crore on Thursday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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