"us-dollar"

Forex analysts note that the rupee was influenced by crude oil prices remaining above USD 83 per barrel. Nevertheless, the rupee found support from positive equity markets, limiting its decline.

In interbank forex trading, the local currency opened at 82.88 and edged slightly to 82.89 against the US dollar, marking a 2 paise increase from the previous close.

Positive equity market sentiment and a weak American currency, however, provided support to the domestic unit, forex traders said.

Forex trader said, however, the Indian currency was under pressure due to subdued equity market sentiment and elevated level of crude oil prices.

Analysts: Foreign Investors' Selling Pressure and High Oil Prices Hinder Rupee's Sharp Gain

Forex traders said rupee is trading in a narrow range as strong American currency and elevated crude oil prices weighed on the local unit and restricted the uptick in the domestic unit.

Forex traders noted weakened investor sentiment due to strong American currency and high international crude oil prices.

At the interbank foreign exchange, the domestic currency opened at 83.01, then touched 82.99 against the greenback in initial deals, registering a rise of 8 paise from its previous close.

At the interbank foreign exchange, the rupee opened at 82.94 against the dollar, later reaching 82.90, marking a 6 paise gain from its last close.

"At the interbank foreign exchange, the rupee started at 83.03 against the dollar, marking a 2 paise increase from its last closing."

Forex traders said the interim budget had a positive impact on the domestic currency as it highlighted a reduction in the fiscal deficit to 5.1 per cent of GDP for FY25.

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

Gold prices have been rising in the international market on the back of depreciating US dollar and falling bond yields

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