"rupee"

Forex traders said the rupee was trading in a narrow range as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments.

Forex traders noted the rupee trading within a limited range, influenced by the prevailing strength of the American currency in the global market and concerns over foreign fund outflows impacting investor sentiments

Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency.

The domestic currency opened at 83.13 and slipped further to 83.15 against the dollar, registering a loss of 3 paise from its previous close.

At the interbank foreign exchange, the domestic currency opened at 82.82 and touched 82.77 against the greenback in initial trade, registering a rise of 18 paise from its previous close.

At the interbank foreign exchange, the domestic currency opened weak at 83.08 and traded between 82.86 and 83.10 against the greenback during intra-day deals

The inflow of foreign funds and a downward trend in crude oil prices also supported the Indian currency, forex traders said

According to forex analysts, despite positive sentiment in the domestic equity markets and a weak American currency against major global currencies, the Indian unit was weighed down by the volatile crude oil prices

At the interbank foreign exchange, the rupee opened at 83.33 against the dollar. It touched a low of 83.36 in initial deals, registering a fall of 2 paise over its previous close.

The US currency also weakened against its major global rivals which supported the rupee sentiment despite FII outflows, forex dealers said.

Forex traders said the rupee was trading in a narrow range as sustained foreign fund outflows weighed on investor sentiments.

Forex dealers noted that despite FII inflows and ongoing losses in crude oil prices, they helped prevent a further decline in the rupee.

Rupee started strong against the US dollar as American currency weakened due to easing US inflation, noted forex traders.

Orders dried up as a result of this, they said, adding that this created a heightened uncertainty in the forex market, causing excess volatility in the Indian rupee, which was avoidable.

At the interbank foreign exchange, the rupee opened at 83.28, higher by 1 paisa from its previous close.

At the interbank foreign exchange, the rupee opened at 83.25, higher by 5 paise over its previous close.

Forex traders said sustained foreign fund outflows also dented investor sentiments.

Forex traders said the rupee rose after the American currency dropped from its elevated levels, following a slower-than-expected US job growth in October.

Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside.

A weak US dollar overseas and positive domestic equities supported the local unit in early trade, forex traders said.