Rupee opens changed at 83.25 against the US dollar

Here we are sharing a piece of big news with you the Indian rupee extended little changed against the US dollar on Wednesday amid a sharp drop in oil costs overnight and a drop in US Treasury yields. The local unit opened at 83.25 a dollar as compared to the last close of 83.26. Since the news came on the internet it has gone viral on many social media platforms. Currently, this news has been gaining huge attention from the people as they are super curious to know about the whole information about the news. In this article, we will give complete information about the news.

Indian Rupee

On Tuesday, 7 November 2023, the rupee finished at 83.26 dollars. Anand James Chief Market Strategist who works at Geojit Financial Services said ” We prefer a sell-on pullback today to 83.3 with yesterday’s upswings failing to gain momentum. The congestion point at 83.19 could pivot down moves, and speed may not kick in until below 82.98. Alternatively, an outright upgrade above 83.4 could call for extended upside seeking at 84 initially,”. Brent crude fell over 4% on Tuesday to its most down in more than three months as data showed a build-up in US crude supplies. Scroll down to the next page for more updates.

As per the report, Brent crude futures, the global benchmark, earned 0.04% to $81.64 a cask, after plunging 4.2% in the last session. The US West Texas Intermediate crude ends changed 0.14% lower at $77.26 a barrel. WTI crude fell 4.3 percent in the last session. Now Investors will focus on the speech by US Federal Reserve Chairman Jerome Powell later in the day. On Wednesday, the Indian equity markets traded flat. You are on the right page for more information about the news, so please read the complete article till the end.

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As far as we know, the Sensex lessened 3.30 points or 0.01% to 64,939.10 while the Nifty 50 traded 6.40 points or 0.03%, tighter at 19,413.10. According to the interim data available on the exchanges on Tuesday, the Foreign institutional investors’ (FIIs) net traded Indian stakes cost ₹497.21 crores, while Domestic Institutional Investors (DIIs) net bought shares to the tune of ₹700.28 crore. Since the news came on the internet this news has been gathering huge attention from people as they want to know complete information. But here we have shared all the information which we had. If we get any information then we will update you as soon as possible. Stay tuned to us for more updates.

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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.