The Indian rupee ended the day almost flat with 1 paisa gain to close at 82.96 (provisional) against the US dollar on Wednesday. Strength of the American currency in the overseas market and sustained foreign fund outflows weighed on the local unit. Investors are awaiting clarity from the minutes that comes following last week's hotter-than-expectation US inflation data. Meanwhile, gains from easing crude oil prices were negated by a weak trend in domestic equities. The benchmark S&P BSE Sensex fell 434.30 points, or 0.59 percent, to 72,623.09 while the broader NSE Nifty index settled 141.90 points, or 0.64 percent, lower at 22,055.05. At the interbank foreign exchange, the local unit opened at 82.90 against the greenback. It hit an intra-day high of 82.86 and a low of 82.97.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app