Rupee turns flat at 83.33 against U.S. dollar in early trade
The Hindu
Rupee remains steady at 83.33 against the U.S. dollar amid strong American currency and higher crude oil prices.
The rupee turned flat at 83.33 against the U.S. dollar in early trade on Thursday amid a strong American currency and higher crude oil prices.
Forex traders said the positive equity markets and inflow of foreign funds resisted the fall in the Indian currency.
At the interbank foreign exchange, the rupee opened at 83.32 and lost further to trade at the previous closing level of 83.33 against the greenback in initial deals.
On Wednesday, the rupee declined 4 paise to close at 83.33 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent higher at 104.07.
Brent crude futures, the global oil benchmark, rose 0.53% to $86.56 per barrel.
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