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Rupee hits file low of 83.06 towards US greenback in early commerce – Enterprise Colors

The rupee fell 6 paise to a file low of 83.06 towards the US greenback in early commerce on Thursday on a powerful buck and unreliable overseas fund outflows abroad.

Moreover, promoting in home equities and risk-averse sentiments weighed on the native unit, foreign exchange merchants stated.

On the interbank foreign exchange, the home unit opened weak at 83.05 towards the greenback, then slipped additional to bid 83.06, a decline of 6 paise over the earlier shut. The native foreign money additionally moved greater at 83.07 in opening offers.

Within the earlier session on Wednesday, the rupee had misplaced 60 paise to shut at 83 towards the greenback.

The greenback index, which gauges the buck’s energy towards a basket of six currencies, rose 0.07 per cent to 113.06.

World oil benchmark Brent crude futures slipped 0.17 per cent to $92.25 a barrel.

Within the home fairness market, the 30-share BSE Sensex was buying and selling at 58,967.10, down 140.09 factors or 0.24 per cent. Equally, the broader NSE Nifty fell 43.95 factors or 0.25 per cent to 17,468.30.

Overseas institutional traders (FIIs) had been internet sellers within the capital market as they bought shares value Rs 453.91 crore on Wednesday, in keeping with change information.

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