rupee closing price indian currency settles flat at 83.99 against US dollar check todays price vs dollar

The rupee pared its archetypal gains and settled connected a level enactment astatine 83.99 against the US dollar connected Monday connected selling unit from overseas funds and anemic code successful the home markets.

Forex traders said elevated crude lipid prices and escalating tensions betwixt Israel and Iran weighed connected the section unit, portion all-time precocious forex reserves boosted capitalist sentiments.

At the interbank overseas exchange, the rupee opened astatine 83.96 against the US dollar and touched an intra-day precocious of 83.95 and a debased of 83.99.

The home currency yet ended the time astatine 83.99 (provisional), unchanged from its erstwhile closing level.

"We expect the rupee to commercialized with a antagonistic bias connected selling unit from overseas funds and anemic code successful the home markets. Escalating tensions betwixt Israel and Iran whitethorn further pressurise the rupee," said Anuj Choudhary, Research Analyst astatine Sharekhan by BNP Paribas.

Choudhary said traders whitethorn instrumentality cues from comments by US Fed officials.

"Investors whitethorn stay cautious up of the RBI's monetary argumentation gathering result connected Wednesday," helium said, adding that USDINR spot terms is expected to commercialized successful a scope of Rs 83.80-84.20.
Meanwhile, India's forex reserves jumped USD 12.588 cardinal to a caller all-time precocious of USD 704.885 cardinal for the week ended September 27, the Reserve Bank of India (RBI) said connected Friday.

On the home equity marketplace front, the Sensex fell 638.45 points, oregon 0.78 per cent, to adjacent astatine 81,050.00. The Nifty declined 218.85 points, oregon 0.87 per cent to settee astatine 24,795.75. Both indices suffered losses successful the erstwhile week.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was up 0.07 per cent to 102.59.

Brent crude, the planetary benchmark, precocious 2.09 per cent to USD 79.68 successful futures trade.

Foreign Institutional Investors (FIIs) were nett sellers successful the superior markets connected Friday, offloading shares worthy Rs 9,896.95 crore connected a nett ground successful the currency segment, according to speech data.