INR SOFTENS MARGINALLY, DOLLAR INDEX HOLDS ABOVE 102 MARK

Published on Jan 10, 2024 11:42

The Indian rupee softened a bit against the US dollar in early moves as minor losses in local equities weighed on the sentiments. The US dollar index continues to hold above 102 mark ahead of crucial US inflation data though overall movement in the index remains very thin. INR rose for the fifth straight session yesterday, appreciating marginally amid positive equity market cues and hopes of foreign fund inflows. The benchmark S&P BSE Sensex breached the 72,000 mark in intraday moves yesterday. Rupee is also bracing up for the domestic inflation and industrial output readings and currently quotes down 4 paise at 83.17 per US dollar.