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Aug 19, 12:25 PM
Indian Rupee Opens at 83.89, Closes at 83.87; Drops to 83.81 in Early Trade
India
Economics
Business
World

Indian Rupee Opens at 83.89, Closes at 83.87; Drops to 83.81 in Early Trade

Authors
  • Reuters
  • The Hindu
  • Economic Times
7

The Indian rupee opened at 83.89 per U.S. dollar on August 19, 2024, slightly lower than the previous close of 83.94. It appreciated to 83.84 during early trading, buoyed by positive momentum in domestic equities and fresh foreign fund inflows. By the end of the day, the rupee rose 8 paise to close at 83.87 against the dollar. The following day, August 20, the rupee opened at 83.87, showing little change from the previous close. It initially rose to 83.85 but later stabilized at 83.79, closing down 0.09% at 83.7925. On August 21, the rupee opened lower at 83.81, reflecting a 4 paise decline from the previous close, and further depreciated to 83.84 amid subdued domestic equity trends and ongoing foreign capital outflows.

Written with ChatGPT (GPT-4o mini).

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