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INR flat around 83.10 per US dollar mark

Published on Jan 25, 2024 11:58

The Indian rupee is witnessing tentative moves following recent strength in US treasury yields and greenback overseas. The dollar index has rebounded above 103 mark and US treasury yields are quoting near a four month high ahead of crucial US GDP and PCE data this week. On Wednesday, rupee stayed range-bound and settled 3 paise higher at 83.12 against the US dollar. The gains came on the back of positive local equities. The benchmark S&P BSE Sensex ended a volatile session up 689.76 points, or 0.98 percent, at 71,060.31 while the broader NSE Nifty index jumped 215.15 points, or 1.01 percent, to close at 21,453.95. However, the INR currently trades flat around 83.11 per US dollar mark as markets eye an tomorrow�s holiday due to Republic Day.

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