Rupee opens flat at 83.23 against the US dollar

Breaking News: The rate of 1 US dollar has been increased to Indian rupees. The Indian rupee opened flat at 83.23 against the US dollar. This was done on 27th September 2023, Wednesday. This has been done amid surging US Treasury yields and rising crude oil prices. The currency has been opened at 83.23 a dollar as against the previous close of 83.23. This news is currently trending on Twitter (X). This news is making rounds on some more social media platforms. Indian people are really shocked after listening to this news. This is one of the biggest breaking news of current time. Read the entire article to know everything.

Rupee

The Indian rupee has been opened at the flat against the US dollar on 27th September 2023, Wednesday. Sources say that the local currency is going to be open at 83.23 a dollar as it is against the previous of 83.23. The index of the dollar is at 106.24. It is at the highest level since November 2022. It is reported that the 10-year US Treasury yield was totally lowered at the Asian at around 4.51%. Still, it remains close to the highest level from October 2007. It is really shocking, this news is trending on Twitter (X). Scroll down to learn more about it.

As per the reports, On 26th September 2023, Tuesday the Indian rupee ended at 8 paise which is lower at 83.23 a dollar. And the Indian rupee hit a record at the level of 83.23 in October 2022. The US treasury yields have been elevated as it follows the hawkish commentary from the Federal Reserve officials. On Tuesday, Neel Kashkari, the president of the Minneapolis Federal Reserve Bank President claimed that he saw a 40% chance of the US needing meaningfully it is higher rates to beat inflation. All the investors are going to remain cautious ahead of key US GDP and core PCE data and now it is due later this week. Continue reading this article till the end.

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The ICICI Direct has officially given a statement in which they have said that the USD INR is expected to go higher at 83.40 on a strong dollar. And the equity would be also with the Indian rupee. It can also be held above 83.00. They also said that it can be said that the 83.40 can be tested at 83.50. All the cruise oil prices traded higher which is currently pressuring the prices. The Indian benchmark equity indices Sensex and Nifty 50 are also trading straight lower in the pre-opening session.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging