The Indian rupee was little changed on Wednesday as local demand for U.S. dollars from importers and persistent equity outflows offset positive global cues.
The rupee was at 83.2375 against the U.S. dollar as of 11:15 a.m. IST, after closing at 83.2450 in the previous session.
The dollar index was little changed at 105.8, but has retreated from the recent high above 107 hit last week. The 10-year U.S. treasury yield was also lower following dovish commentary from U.S. Federal Reserve officials.
Comments
Post a Comment