INR Vs USD: Gains in the rupee came amid sustained selling of the American currency.
- The US dollar weakened against other currencies overseas, after US Federal Reserve Chairman Jerome Powell comments that the central bank's benchmark interest rate is likely to be near a neutral level, forex traders were quoted as saying in the PTI report.
- The dollar dipped 0.35 percent to 113.26 yen after being knocked down from a two-week high above 114.00 scaled overnight, reported news agency Reuters.
- Strong foreign fund inflows and easing crude prices also supported the rupee, traders said.
- On Wednesday, foreign portfolio investors (FPIs) bought shares worth a net of Rs 961.26 crore, showed provisional data from bourses.
- Globally, Brent crude, the international benchmark, was trading 0.14 per cent down at $ 58.68 per barrel. (With agencies inputs)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
