Rupee settles flat at 81.92 against U.S. dollar
The Hindu
The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the U.S. dollar on April 25, 2023 amid rising crude oil prices and foreign fund outflows.
The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the U.S. dollar amid rising crude oil prices and foreign fund outflows.
At the interbank foreign exchange market, the local unit opened at 81.95 against the U.S. currency and finally closed at 81.92 (provisional) against the greenback, unchanged from its previous close.
During the session, the rupee touched a high of 81.86 and a low of 81.96 against the dollar.
The rupee on Monday settled at 81.92 against the U.S. dollar.
According to Jateen Trivedi, VP Research Analyst at LKP Securities, the rupee traded range bound near 81.90 as the dollar index was in the consolidation range.
"The rupee replicated peers by staying in the range of 81.85-81.95. The U.S. GDP data is the next key trigger for the traders to watch out for, till then the range for the rupee can be seen in 81.75 - 82.10," Mr. Trivedi said.
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