Key Points
Mumbai, Jan 25 (PTI) The rupee rose 1 paisa in a range-bound trade to close at 83.11 against the US dollar on Thursday, as the support from weak American currency overseas was negated by rising crude oil prices...
Forex traders said the rupee is trading in a narrow range as muted domestic equities and sustained foreign fund outflows dented investor sentiments...
The rupee traded on a flat note amid weak domestic markets and rising crude oil prices..
The Red Sea issue, rising crude oil prices, and selling pressure from foreign investors may also dent the rupee...
The rupee is expected to be in a range of 82.90 to 83.40 in the coming week, with the RBI probably buying dollars at one end and with month end approaching oil companies also buying US dollar and the rest of the pack, including FPIs selling..
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