Rupee increases by 9 paise to 82.99 US dollars

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Against the US dollar, the rupee gained 9 paise to 82.99.

The Indian rupee rebounded from its record low levels and gained 9 paise to reach 82.99 against the US dollar in early trading on Thursday. This recovery was influenced by a decline in crude oil prices from their recent highs.

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Rupee increases by 9 paise to 82.99 US dollars

However, the cautious performance of the domestic stock market and the strength of the US dollar in international markets had a dampening effect on investor sentiment, as observed by forex traders.

The interbank foreign exchange rate started at 83.10 and subsequently reached a peak of 82.99 against the US dollar, marking an increase of 9 paise compared to its previous closing rate.

Earlier, on Monday, the rupee had weakened by 26 paise, settling at a historic low of 83.08 against the US dollar.

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