Indian Rupee Rises to 83.13 Against US Dollar Amidst Positive Market Signals

Indian Rupee Rises to 83.13 Against US Dollar Amidst Positive Market Signals

Asif Iqbal | December 26, 2023 | 11:17 AM IST | Breaking News | Follow on Google News

Indian Rupee Rises to 83.13 Against US Dollar Amidst Positive Market Signals.image/PTI

Indian Rupee Rises to 83.13 Against US Dollar Amidst Positive Market Signals

The Indian rupee gained 3 paise, reaching 83.13 against the US dollar during the early trading session on Tuesday. This increase was influenced by positive signals from the domestic stock markets and the relative weakness of the US dollar compared to other major global currencies.

Nevertheless, foreign institutional investors’ equity sell-offs and the fluctuating crude oil prices continued to exert pressure on the Indian currency, according to forex traders.

In the interbank foreign exchange market, the rupee initiated trading at 83.17 and achieved its peak at 83.10 against the US dollar. Ultimately, it settled at 83.13, marking a 3-paise upturn from its previous closing rate.

In the previous session on Friday, the rupee had concluded at 83.16 versus the dollar. Notably, forex markets were closed on Monday due to the Christmas holiday.

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Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.