Picture used for representational goal.
| Picture Credit score: Reuters
The rupee turned flat at 84.42 in opposition to the U.S. greenback in early commerce on Thursday (November 21, 2024) amid unstable crude oil costs and lackluster sentiment within the home fairness markets.
A weaker American foreign money supported the native unit, however it was weighed down by the relentless outflow of international funds, foreign exchange merchants mentioned.
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On the interbank international alternate, the rupee opened at 84.41 and slipped additional to 84.42 in opposition to the buck, buying and selling at its earlier closing stage in early offers.
On Tuesday, the rupee settled flat at 84.42 in opposition to the U.S. greenback. The international alternate market was closed on Wednesday on account of Meeting elections in Maharashtra.
In the meantime, the greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, was buying and selling decrease by 0.11% at 106.49.
Brent crude, the worldwide oil benchmark, rose by 0.22% to $72.97 per barrel in futures commerce.
On the home fairness market entrance, Sensex was buying and selling 398.45points, or 0.51% decrease, at 77,179.93 factors. The Nifty fell 136.10 factors, or 0.58%, to 23,382.40 factors.
International Institutional Traders (FIIs) had been internet sellers within the capital markets on Tuesday, as they offloaded shares price ₹3,411.73 crore, in response to alternate information.
Printed – November 21, 2024 11:09 am IST
