The rupee started trading in a tight range of 82.82 and 82.77. It was trading flat at 82.79 against the US Dollar 9:50 in the morning.
Dollar The index, which measures the greenback’s strength against a basket of six currencies, fell 0.10 percent to 104.33. Global oil benchmark Brent crude futures rose 0.89 per cent to $81.70 a barrel in December on expectations of lower Russian crude exports from the Baltic region, the report said.
Foreign Institutional Investors (FIIs) bought shares 928.63 cr.
Indian stock indices Sensex and Nifty fell around 1 per cent each in early trade, in line with weaker Asian markets. The benchmark BSE Sensex closed 620.66 points down at 60,205.56 while the Nifty closed 158.55 points down at 17,968.80.
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when the purchasing power Rupee falls, the Rupee is called depreciation. This means that in INR to USD trading, more Rupees are required to buy Dollar., The exchange rate is determined by a number of factors, including the country’s inflation rate, interest rates, and the economic and political situation.