Mumbai, June 12 (PTI) on Thursday brought the rupee 1 Pisa near the US dollar near 85.52, as due to a weak dollar against major currencies abroad.
However, the huge decline in domestic equity markets and the increase in global crude oil prices were weighed by traders.
Interbank opened in foreign currency, the rupee opened at 85.43 against the US dollar and traded in the range of 85.43–85.65 before closing at 85.52, which was just one penny from its previous close.
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The local unit settled at 85.53 on Wednesday.
“The dollar fell on further signals on Thursday that US President could take a soft stance in Tariff talks and tomorrow (Wednesday), after a soft CPI inflation figures, the Fed Reserve Rate reduction may increase the expectations. Trump also said that he is ready to meet the business talks with countries on 9 July, which are working for Hires.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was 0.43 percent at 99.20.
The London-Bound Air India Plane 242 crashed in a residential area of 242 passengers and crew after flying from Ahmedabad Airport on Thursday afternoon. Many people were feared to be killed.
In the domestic equity market, 30-cheer BSE Sensx arranged 823.16 points at 81,691.98, while the Nifty fell 253.20 points.
Global oil benchmark, Brent crude, futures trading fell 0.09 percent to 66.81 per barrel USD 66.81.
According to exchange data, foreign institutional investors (FII) on Thursday launched a price of Rs 3,831.42 crore on a pure basis. PTI Hair
This report is auto-generated with PTI News Service. ThePrint does not have any responsibility for its content.