Rupee turns flat at 84.42 against U.S. dollar in early trade

Image utilized for representational purpose. | Photo Credit: Reuters

The rupee turned level astatine 84.42 against the U.S. dollar successful aboriginal commercialized connected Thursday (November 21, 2024) amid volatile crude lipid prices and lackluster sentiment successful the home equity markets.

A weaker American currency supported the section unit, but it was weighed down by the relentless outflow of overseas funds, forex traders said.

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At the interbank overseas exchange, the rupee opened astatine 84.41 and slipped further to 84.42 against the greenback, trading astatine its erstwhile closing level successful aboriginal deals.

On Tuesday, the rupee settled level astatine 84.42 against the U.S. dollar. The overseas speech marketplace was closed connected Wednesday owed to Assembly elections successful Maharashtra.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading little by 0.11% astatine 106.49.

Brent crude, the planetary lipid benchmark, roseate by 0.22% to $72.97 per tube successful futures trade.

On the home equity marketplace front, Sensex was trading 398.45points, oregon 0.51% lower, astatine 77,179.93 points. The Nifty fell 136.10 points, oregon 0.58%, to 23,382.40 points.

Foreign Institutional Investors (FIIs) were nett sellers successful the superior markets connected Tuesday, arsenic they offloaded shares worthy ₹3,411.73 crore, according to speech data.

Published - November 21, 2024 11:09 americium IST