The Indian rupee strengthened by 6 paise to reach 83.31 against the US dollar on Tuesday, benefiting from a decline in global crude oil prices. However, the rupee faced resistance due to subdued domestic equity sentiment and a stronger dollar. Opening at 83.32, it edged up to 83.31 against the greenback. The dollar index stood at 104.57, up by 0.11%. Brent crude futures dropped to $83.26 per barrel. Despite this, the Sensex traded marginally lower at 73,934.76 points, while the Nifty slipped to 22,490.00 points. Foreign Institutional Investors were net sellers in the capital markets, offloading shares worth Rs 92.95 crore.
Rupee Gains 6 Paise Against US Dollar Amid Falling Crude Prices
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