Key Points
The rupee pared its initial gains and settled for the day lower by 2 paise at an all-time low of 83.10 (provisional) against the US dollar on Thursday, weighed down by a strong greenback overseas and a negative trend in domestic equities..
Forex traders said rupee is likely to trade with a negative bias on risk aversion in global markets and rising US dollar...
At the interbank foreign exchange, the domestic unit opened at 83.10 against the dollar, and it finally ended the day at the same level 83.10.
"The Indian rupee traded lower in line with the Asian currencies and risk-averse sentiments," said Dilip Parmar, Research Analyst, HDFC Securities...
On the domestic equity market front, the 30-share BSE Sensex closed 388.40 points or 0.59 per cent lower at 65,151.02 points..
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