"us-dollar"

A surge in crude oil prices capped sharp gains for the local unit, forex traders said.

Strengthening crude prices in international markets capped the gains in the domestic unit, forex traders said.

The 24 karat gold per 10 grams reached a price of Rs 60,000, marking a significant increase of Rs 380 from the previous day's price of Rs 59,620.

However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said.

At the interbank foreign exchange, the domestic unit opened at 82.36, then fell to 82.45, registering a decline of 20 paise over its last close.

Sustained foreign fund inflows supported the local unit and contained the fall.

At the interbank foreign exchange, the domestic unit opened at 82.01 against the dollar and then rose to 81.77, registering a gain of 33 paise over its previous close.

An upward movement in crude price also weighed on the local unit, forex traders said.

At the interbank foreign exchange, the domestic unit opened at 82.59, registering a decline of 7 paise over its last close.

RBI is largely expected to leave the repo rate unchanged at 6.5 per cent.

Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22.

The downward movement in crude price and inflows of foreign funds capped the fall of rupee, as per Forex traders.

Forex traders said the rupee is trading in a narrow range amid strengthening of the US dollar.

Forex traders said a positive trend in domestic equities supported the local unit and restricted the depreciating bias.

At the interbank foreign exchange, the domestic unit opened at 82.29 against the dollar, then fell to 82.35, registering a decline of 10 paise over its last close.

Rupee consolidated in a narrow range and settled 6 paise lower at 81.88 (provisional) against the American currency

Forex traders said the rupee is trading in a narrow range as the support from crude oil prices below USD 80 a barrel was negated by muted domestic equities.

Forex traders said a positive trend in domestic equities, foreign fund inflows and crude oil prices below USD 80 a barrel also supported the local unit.

At the interbank foreign exchange, the domestic unit opened weak at 82.00 against the dollar, then fell to 82.01, registering a decline of 6 paise over its last close.

At the interbank foreign exchange, the rupee opened at 82.08 against the dollar. It touched an early high of 82.05 in initial deals.