INR Sees Good Gains, Local Equities Near All Time High

Published on Sep 11, 2023 12:22

The Indian Rupee stayed well supported in early moves on Monday as recent reversal under 83 per US dollar mark extended. Firm cues from local equities and some heavy losses in the US dollar index supported the sentiment for the INR. Local equities started the week on a firm footing and the benchmark NIFTY50 index approached near all-time highs around 20000 mark. The US dollar index eased well under 105 mark and currently quotes at 104.59, down 0.45% on the day as the currency markets shifted focus on this week`s critical US inflation data. The INR currently quotes up 13 paise at 82.90 per US dollar. On the NSE, the USDINR futures are down 0.17% at 82.91 after breaking under 83 mark.