Markets News

Indian Rupee opens flat versus US dollar’s early trading

On February 18, Indian rupee reportedly opened on a flat note, edging lower by a margin of 3 paise amounting to 72.77 against the US dollar in opening trade.

However, this is in comparison to it’s closing on February 17, closing marginally lower at 72.75 per dollar versus Tuesday’s closing at 72.69.

Moreover, the domestic unit opened at 72.76 against the US dollar according to the interbank forex market.

It further inched lower to 72.77 compared to the American currency, registering a decline of just 3 paise over its previous closing.

On Wednesday, the rupee had settled at 72.74 as opposed to the American currency.

The Sensex scaled up by 37.00 points or a margin of 0.07% at 51,740.83, whereas the Nifty incremented by 19.90 points or 0.13% at 15,228.80 at 10:04 IST.

At present, the spot is estimated to be trading between a range of 72.50-73 and is projected to remain intact in that range in near-term.

Also, the oil prices were recorded to be soaring high to the same extent as dollar on Thursday, which extended this week’s gains by hitting 13-month highs.

Meanwhile, Asian currencies were witnessed to be weak this morning whereas the dollar index was trading 0.01 per cent down at 90.93.

The 30-share BSE benchmark Sensex was trading 5.77 points higher at 51,709.60 on the domestic equity front.

On the other hand, the broader NSE Nifty advanced by 14.20 points amounting to 15,223.10.

Net buyers in the capital market were Foreign institutional investors who purchased shares worth Rs 1,008.20 crore on Wednesday, according to exchange data.

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