Rupee Opens 6 Paise Higher At 83.12 Against The US Dollar

Here we are sharing a piece of big news with you the Indian rupee extended 6 paise more increased against the US dollar on Friday aided by a pullback in US treasury yields and undisturbed unrefined oil prices. The local money opened at 83.12 a dollar as against the previous close of 83.18. The dollar index was more down in Asia at 106.02 and off its 10-month highs hit prematurely in the week. Currently, this news has been making headlines on the internet and now lots of people are very curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article.

Rupee

The 10-year US treasury earnings eased to 4.59% in Asia after declaring to 4.68% on Thursday, its highest level since October 2007. The two-year US treasury yield was also lower at 5.0%. Asian currencies had been trading mixed but the offshore Chinese yuan was up 0.13%. Meantime, India fell short of inclusion in FTSE Russell’s appearing market government bond index. But, the global index provider kept India on a watch list. Currently, this news is trending on many social networking sites. Scroll down to the next page for more information about the news.

According to the report, investors will keep an eye on US core private consumption price numbers due later in the day, which will supply cues on the country’s inflation trajectory. Crude oil prices were trading flat, lending approval to the rupee. Brent futures inched 0.05 higher at  $95.43 a barrel, while US West Texas Intermediate (WTI) crude rose 0.17% to $91.87 a barrel. On the domestic front, the Indian benchmark equity indices, Sensex and Nifty 50, were trading higher. You are on the right page for more information about the news, so please read the article till the end.

Also Read:  Delta Corp Tax Notices: Bombay High Court restraints ₹16,195 crore tax notice

As far as we know, on Thursday, 28 September 2023, the Foreign institutional investors (FIIS) net sold Indian shares worth 3,364.22 crores, while Domestic Institutional Investors (DIIs) net bought shares to the of 2,711.48 crores, as per interim data available on the exchanges. Since the news came on the internet and it went viral on social media platforms uncounted reactions started hitting the headlines. Now many people are very interested in knowing the whole information about the news. But there we have shared all the information which we had. If we get any information then we will update you soon. Stay tuned to us for more updates.

Mark
Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.