The news is by your side.

Rupee opens 9 paise lower at 82.03 against US dollar


The Indian rupee opened 9 paise lower against the US dollar on Tuesday after losses in Asian peers amid reduced risk appetite. The local currency opened at 82.03 dollars compared to the previous close of 81.94.

China’s offshore yuan fell below 7.18 to the dollar, not far from a year-to-date low after China lowered two major loans by 10 basis points, Reuters reported.

Other Asian currencies were down 0.1% to 0.3% and the dollar inched up to 102.56.

On Monday, the rupee was little changed at 81.94 against the US dollar.

The focus this week is on Federal Reserve Chairman Jerome Powell’s testimony to US lawmakers, which comes after the US central bank chose to pause last week after raising rates over the previous ten meetings, Reuters reported.

Crude oil prices traded lower after China cut benchmark lending rates.

Brent crude was down 5 cents at $76.04 a barrel, while US West Texas Intermediate (WTI) crude for August delivery was down 71 cents from Friday at $71.22 a barrel.

On the domestic front, the Indian equity indices Sensex and Nifty traded flat in the pre-opening session amid mixed global cues.

On Monday, the Foreign institutional investors (FIIs) sold net worth of Indian equities 1,030.90 crore, while Domestic Institutional Investors (DIIs) sold shares on a net basis 365.20 crore, according to the provisional data available on the exchanges.

Get Live Market Updates here

(With input from Reuters)

Know your inner investor
Do you have nerves of steel or are you an insomniac on your investments? Let’s define your investment approach.

Take the test

Get the latest Business News, Market News, Breaking News Events and News Updates on Live Mint. Download the Mint News App for Daily Market Updates.


Updated: 20 June 2023, 09:13 AM IST

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at The content will be deleted within 24 hours.

Read original article here

Leave A Reply

Your email address will not be published.