Finance Desk – The Indian rupee saw a slight of 2 paise against the US dollar in early trading on Thursday, bringing it to 83.49. This change was influenced by a positive performance in domestic stock markets. However, high crude oil prices have been a concern.
In the interbank foreign exchange market, the rupee opened at 83.49, up by 2 paise from its previous close. Despite fluctuations, the rupee’s overall outlook remains positive, according to CR Forex Advisors’ MD, Amit Pabari.
The Reserve Bank of India (RBI) is actively working to keep the rupee from falling below 83.70 against the dollar.
Meanwhile, the dollar index, which measures the US dollar against a basket of six major currencies, was slightly lower, decreasing by 0.11 percent to 104.93.
On the stock market front, the BSE Sensex increased by 105.32 points to 80,030.09, and the NSE Nifty went up by 21.60 points to 24,346.05.
