INR Appreciates Above 83/$ Mark; NIFTY Touches Record 20K Mark During Intraday Moves

Published on Sep 12, 2023 17:11

The Indian rupee recovered above 83 per dollar mark on Tuesday tracing domestic equity NIFTY index that hit a record high during intraday moves. The Nifty hit an all-time high of 20,110.35 in early trade but settled for the day below 20k mark. Local equities were dragged during the latter part of the day amid declining Asia and European shares. Besides, foreign fund inflows and early pull back in dollar also supported gains in the domestic currency. The rupee appreciated 9 paise to close at 82.94 (provisional) against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.93 against the US dollar and moved in a range of 82.86 to 83.01 in the day trade. On the NSE, USDINR September futures ended the day at 82.99, down 0.1% on the day.