Dollar to Rupee Rate: Rupee opened with a rise against the dollar, increased by 6 paise

The rupee is witnessing a rise against the dollar in Wednesday's trading session. It is trading 6 paise higher at 83.26 in early trade. The rise in the rupee is being attributed to the softening of global crude oil prices. However, due to selling in domestic markets and the strengthening of the US currency, the rupee's rise remains in a limited range.

According to the Interbank Exchange, the rupee opened at 83.22 against the dollar, after which it slipped to 83.26 and registered a decline of Rs 6. The rupee is trading in a limited range against the dollar in early trade. The rupee had touched an all-time low of 83.32 against the dollar in Monday's trading session. Indian markets were closed on Tuesday due to Ganesh Chaturthi.

The dollar index, which shows the strength of the rupee against six major currencies of the world, is at 104.83 points and remains flat compared to yesterday's trading session. Crude oil benchmark Brent crude is down one percent at $93.30 per barrel.

A decline is also being seen in the Indian stock market today. The 30-share Sensex is down 307 points or 0.45 percent at 67,289.57, while the NSE Nifty is down 100.75 points or 0.75 percent at 20,032.55. There was a sale of Rs 1236.51 crore in the stock market by foreign investors.