Rupee strengthened against dollar in early trade, increasing by so much money

Rupee vs Dollar: Today the rupee opened with gains against the dollar. The rupee was up 2 paise at 83.23 against the US dollar in early trade. At the Interbank Foreign Exchange today, the rupee opened at 83.24 against the US dollar and later rose 2 paise to 83.23 from its previous close. Yesterday the rupee had closed at 83.25. Read what is the complete news.

Wed, 18 Oct 2023 12:00 PM (IST)
Rupee strengthened against dollar in early trade, increasing by so much money

In early trade on Wednesday, the rupee performed better than yesterday's level. Indian currency 'Rupee' opened strongly against the dollar today. The rupee rose 2 paise to 83.23 against the US dollar in early trade.

On the Interbank Foreign Exchange, the rupee opened at 83.24 against the dollar today and then rose to 83.23, an increase of 2 paise over its previous close. Let us tell you that yesterday the rupee closed at the level of 83.25.

The dollar index, which gauges the dollar's strength against six world currencies, fell 0.07 percent to 106.18 in morning trade.

Global oil benchmark Brent crude futures rose 2.10 percent to US$88.48 per barrel.

If we talk about the Indian stock market, till the time of writing the news, the 30-share BSE Sensex is trading at 66,317.36 with a decline of 110.73 points or 0.17 percent. At the same time, Nifty fell 24.75 points or 0.12 percent to 19,786.75.

According to exchange data, foreign institutional investors (FIIs) were net buyers in the capital market on Tuesday as they bought shares worth Rs 263.68 crore.

Muskan Kumawat Journalist & Content Writer