Indian Rupee vs Dollar: Rupee remains flat against US dollar, doing business at 82.05

Indian Rupee vs Dollar: The rupee was trading almost flat at 82.02 against the US dollar in early trade on Friday amid gains in domestic equities and firming crude oil prices. Today the Indian market is also open with a boom. Today the rupee opened at 82.05. Let us know why the rupee is flat today.

Jun 30, 2023 - 11:09
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Indian Rupee vs Dollar: Rupee remains flat against US dollar, doing business at 82.05

On the last day of the trading week, the rupee was trading steady against the dollar amid a rise in crude oil prices. Today Rupee is trading at 82.02.
Today, the rupee opened weak at 82.05 in the forex market. It traded in a narrow range of 82.01 to 82.07 in early trade. It was trading at 82.02 against the US dollar at 9.40 am. This shows an increase of just 1 paise over Wednesday's last close of 82.03. The forex market was closed on Thursday on account of Bakrid.
The strength of the greenback can be gauged from the dollar index. The dollar was trading at 103.28, down 0.06 percent. At the same time, the global crude oil benchmark Brent crude was trading 0.40 percent higher at US $ 74.64 per barrel. Foreign institutional investors (FIIs) were net buyers in the capital market on Wednesday, according to exchange data. FIIs bought shares worth Rs 12,350 crore.
Benchmark indices Sensex and Nifty hit their all-time highs in early trade today. On the last day of the trading week, the 30-share BSE Sensex touched a record high of 64,414.84 and the Nifty touched a peak of 19,108.20.
On Wednesday, the Sensex closed at an all-time high of 63,915.42, up 499.39 points or 0.79 percent. At the same time, the NSE Nifty also closed at a record high of 18,972.10 with a gain of 154.70 points, or 0.82 percent.

Muskan Kumawat Journalist & Writer