In early trade, the Indian Rupee (INR) held steady against the US Dollar (USD), trading within a narrow range, influenced by a negative trend in domestic equities and rising crude oil prices. Opening at 83.14 INR, the rupee touched a high of 83.13 and a low of 83.15. The previous day saw a 5 paise depreciation to 83.16 INR against the USD. Traders await the Federal Open Market Committee (FOMC) meeting’s verdict on interest rates, with a focus on global economic indicators. The dollar index slightly weakened, while Brent crude rose to USD 82.59 per barrel.
Currency Markets Navigate Turbulence Amid Equities Dip and Oil Price Hike
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