The dollar index rose 0.06 percent to 101.40. (File)
Bombay:
The rupee was trading in a narrow range, settling on a flat note at 81.92 (for now) against the US dollar amid rising crude oil prices and foreign fund outflows.
In the interbank foreign exchange market, the local unit opened at 81.95 against the US currency and eventually closed at 81.92 (tentative) against the greenback, unchanged from the previous close.
During the session, the rupee reached a high of 81.86 and a low of 81.96 against the dollar.
The rupee was settled at 81.92 against the US dollar on Monday.
According to Jateen Trivedi, VP Research Analyst at LKP Securities, the traded rupee capped near 81.90 as the dollar index was in the consolidation range.
“The rupee replicated peers by staying within the 81.85-81.95 range. The US GDP data is the next major trigger for the traders to pay attention to until then the range for the rupee can be seen in 81.75 – 82.10,” Trivedi said. .
The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.06 percent to 101.40.
The global oil benchmark Brent oil futures fell 0.39 percent to USD 82.41 a barrel.
In the domestic stock market, the 30-stock BSE Sensex rose 74.61 points, or 0.12 percent, to finish at 60,130.71 points, and the broader NSE Nifty gained 25.85 points, or 0.15 percent, to 17,769.25.
Foreign institutional investors were net sellers in the capital market on Monday as they sold shares worth Rs 412.27 crore, according to exchange data
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