Rupee stabilizes against US dollar due to weak dollar strength and lower crude oil prices, despite negative domestic equity trend.
Rupee trades in a narrow range against the US dollar, supported by weak dollar strength & easing crude oil prices, but domestic equity negative trend negates foreign fund inflows. The rupee opens at 82.74 against the dollar and pares the losses to touch 82.64 in initial trade, higher by 3 paise from its previous close. The dollar index is at 102.72, up 0.02%, and Brent crude futures fall 0.67% to $81.53 per barrel.
March 11, 2024
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