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The rupee appreciated 26 paise to 75.09 per dollar in opening trade on Wednesday. Lower crude prices and a weaker U.S. dollar supported the currency.
Foreign institutional investors were net sellers in the Indian equity market the previous day.
A firmer rupee and lower crude would modestly reduce India's import costs for feed and energy. The move is a routine intraday swing with little lasting price effect.
timesofindia.indiatimes.comPTIOct 20, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
