Rupee trades in narrow range in early trade against US dollar
Mumbai Dec 29 PTI The Indian rupee was trading in a narrow range in morning trade on Wednesday as muted domestic equities and firm crude oil prices weighed on investor sentiments At the interbank foreign exchange the rupee started on a tepid note at 7469 against the dollar It traded in a narrow band of of 7468 to 7476 in initial deals On Tuesday the rupee registered its ninth straight session of gain and surged 30 paise to close at a one-month high of 7470 against the US dollar On the domestic equity market front the 30-share Sensex was trading 7475 points or 013 per cent higher at 5797223 while the broader NSE Nifty inched higher by 1315 points or 008 per cent to 1724640 Forex traders said trading is likely to remain range-bound this week ahead of the year-end holidays The dollar index which gauges the greenbacks strength against a basket of six currencies fell by 002 per cent to 9618 Global oil benchmark Brent crude futures advanced by 020 per cent to USD 7910 per barrel Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 20731 crore as per stock exchange data PTI DRR RAM
Mumbai Dec 29 PTI The Indian rupee was trading in a narrow range in morning trade on Wednesday as muted domestic equities and firm crude oil prices weighed on investor sentiments At the interbank foreign exchange the rupee started on a tepid note at 7469 against the dollar It traded in a narrow band of of 7468 to 7476 in initial deals On Tuesday the rupee registered its ninth straight session of gain and surged 30 paise to close at a one-month high of 7470 against the US dollar On the domestic equity market front the 30-share Sensex was trading 7475 points or 013 per cent higher at 5797223 while the broader NSE Nifty inched higher by 1315 points or 008 per cent to 1724640 Forex traders said trading is likely to remain range-bound this week ahead of the year-end holidays The dollar index which gauges the greenbacks strength against a basket of six currencies fell by 002 per cent to 9618 Global oil benchmark Brent crude futures advanced by 020 per cent to USD 7910 per barrel Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 20731 crore as per stock exchange data PTI DRR RAM
