The Indian rupee closed stronger against the U.S. dollar on Thursday.
The local currency appreciated 6 paise to close at Rs 83.23 against the U.S. dollar on Thursday. It closed at Rs 83.29 on Wednesday, according Bloomberg data.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"US JOLTs jobs openings from November came in below expectations, while ISM's December manufacturing PMI came in higher than anticipated. FOMC minutes showed that members warned about higher rates for a longer period," Kunal Sodhani, vice president of Shinhan Bank said. "For USDINR, Rs 83.24 will act as a support and Rs 83.40 as a resistance."
"The rise in the dollar index has exerted pressure on the rupee around the Rs 83.30 zone, preventing it from moving above this level due to the strength in the dollar. Meanwhile, crude oil prices remained volatile, fluctuating between 76-79$," Jateen Trivedi, vice president, research at LKP Securities said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.