Rupee Holds Steady Against US Dollar In Early Trade Amidst FFI Buying
The Indian currency exhibited a confined trading range on Monday morning, March 11, 2024 as the boost from overseas investment inflows was counterbalanced by a downward movement in domestic stock indices. Foreign exchange dealers noted the rupee gained traction, underpinned by the U.S. dollar’s weakness and a decline in crude oil prices.
At the interbank forex market, the rupee initiated trading at 82.74 per dollar but soon recovered some ground, touching 82.64 against the greenback during early trades,…