November 16, 2023Business Desk

Rupee faces minor dip at 83.18 against USD

The rupee slips by 9 paise to 83.18 against the US dollar in early trade.

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The decline is attributed to the strength of the US dollar in international markets. FII inflows and falling crude oil prices help mitigate the rupee's descent.

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The rupee opened lower at 83.18, maintaining a narrow range; it gained 24 paise on the previous day amid lower-than-expected US inflation.

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Dollar index rises by 0.14 per cent, Brent crude futures fall by 0.91 per cent; BSE Sensex drops 127.70 points, NSE Nifty falls 24.30 points; FIIs net buyers in the capital market.

Source: Unsplash