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The rupee traded in a narrow range against the US dollar in early trade on Thursday as trade deal uncertainty and strong dollar demand offset support from foreign inflows. Weak sentiment persisted despite stable crude prices and equity inflows.

According to forex dealers, foreign investors have injected over USD 2 billion into Indian equities over the past four days, while month-to-date inflows into Indian bonds have surpassed USD 3 billion. However, the local currency's sharp appreciation remained limited as investors weighed the potential economic impact of rising global trade concerns.

According to forex traders, the USD/INR pair is anticipated to stay range-bound with a slight bias towards weakness, as foreign investors purchase US dollars and the Reserve Bank of India (RBI) sells the currency.

At the interbank foreign exchange market, the local unit opened at 83.43 against the greenback. It later touched 83.42 in initial trade, registering a rise of 3 paise from its previous close.

Forex traders noted pressure on the Indian currency due to rising crude oil prices, but it received support from positive domestic equity market sentiment and foreign capital inflows

The court observed that the excuse made by Morton was not credible, according to the lenders' statement.

For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said.

For the week ending February 23, the foreign currency assets, a major component of the reserves, increased by USD 2.405 billion to USD 548.188 billion.

The Reserve Bank of India's weekly statistical data revealed that India's foreign currency assets (FCA), the largest component of its forex reserves, decreased by $4.807 billion to $546.524 billion by the week ending on February 9.

The central bank's weekly statistical data revealed a decline of USD 2.653 billion in India's foreign currency assets (FCA), the largest segment of the forex reserves, bringing the total to USD 545.855 billion by the end of the week.

Generative AI (GenAI) exploded into public consciousness in 2023, promising to transform the way business functions. Despite the potential, however, leaders are struggling to convert hype into reality.

A pick-up in capex is expected to become more broad-based in FY25, led by marginally moderate public capex but higher private corporate capex after elections, Jain said.

As per the data, reserve assets accounted for 64.2 per cent of India's international financial assets at the end of the June quarter.

Sri Lanka was banking on the release of the second tranche of around USD 330 million at the end of the review as stated by State Minister of Finance Ranjith Siyambalapitiya last week.

Gold price on Friday rose Rs 150 to Rs 58,738 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.

In the international markets, both gold and silver were quoting lower at USD 1,906 per ounce and USD 22.55 per ounce, respectively.

The dollar gained on expectations that the US Fed may hike interest rates one more time this year.

Gold prices remained flat at Rs 60,000 per 10 grams in the national capital on Tuesday, according to HDFC Securities.

On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 95 or 0.16 per cent to Rs 58,993 per 10 grams in a business turnover of 11,994 lots.

In July 2023, foreign loans soared to $2.8 billion, a remarkable increase from a mere $185 million in the corresponding month of the previous year (2022), attributed to the impact of these significant external borrowings.