Rupee rises 1 paisa higher against U.S. dollar in early trade
The Hindu
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, declined 0.13% to 103.96 points.
The rupee opened 1 paisa higher at 83.67 against the U.S. currency on August 1 after the Federal Reserve held the rates, but said a September rate cut could be on the table.
The U.S. dollar declined marginally in overseas markets but Brent crude oil prices rose further, limiting gains for the domestic currency.
At the interbank currency exchange, the domestic currency opened at 83.67, 1 paisa higher than the previous day's close.
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The domestic currency moved in a tight range of 83.67-83.69.
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