Rupee Gains Ground: Opens Stronger at 83.14 Against US Dollar

The Indian Rupee opens at 83.14, gaining 7 paise against the US Dollar, following a record low close at 83.21. Dollar index shows a 0.26% gain.

Last updated: 2023/09/08 at 5:57 PM

Poornima Tiwari

1 Min Read

Highlights

INR starts the trading day with strength, opening at 83.14 against the US Dollar, a gain of 7 paise from the previous day's close.
The dollar index, currently at 104.80, records a day high of 105.07 and a low of 104.79. It exhibits a 0.26% gain compared to the previous day's close.
While the rupee strengthens, other Asian currencies show mixed movements. Some currencies gain against the dollar, while others experience slight declines.

In a positive turn, the Indian Rupee commenced trading at 83.14 against the US Dollar, marking a 7 paise gain from its previous close of 83.21.

Contents

Rupee’s Promising Start Opens Strong at 83.14 Against Dollar Forex Trends and INR’s Strength

Rupee’s Promising Start Opens Strong at 83.14 Against Dollar

The dollar index, currently at 104.80, showcases fluctuations with a day high of 105.07 and a low of 104.79. Despite the dollar’s slight upturn, the rupee maintains its resilience.

Forex Trends and INR’s Strength

While the Indian Rupee exhibits early strength, Asian currencies respond diversely. Some currencies, like the Philippine peso and Thai baht, register gains, while others, like the Taiwan dollar, experience minor declines.”