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INR Stays Range Bound

Published on May 02, 2024 17:29

The Indian rupee stayed range-bound and closed 3 paise lower at 83.46 (provisional) against the US dollar on Thursday amid a strong American currency and rising crude oil prices in global markets. Positive sentiment in the domestic equity markets and the inflow of foreign capital capped a sharp fall in the domestic currency. At the interbank foreign exchange, the domestic unit opened strong at 83.41 and touched the intra-day low of 83.49 against the greenback. The benchmark S&P BSE Sensex moved in a narrow range before ending the session up 128.33 points, or 0.17 percent, at 74,611.11. The broader NSE Nifty index rose 43.35 points, or 0.19 percent, to 22,648.20.

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