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Rupee Update: The rupee has been "moving in small ranges" over the last two sessions which is likely to persist on Wednesday, Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors, said.
Rupee Update: The rupee has hovered in a tight band between 83.0575 and 83.18 over the past five trading sessions.
Rupee Update: At the interbank foreign exchange market, the local unit opened at 83.13 against the greenback. The unit oscillated between an intraday low of 83.14 and a high of 83.08 and finally settled at 83.11 (provisional) against the dollar, 1 paisa higher from its previous close.
At the interbank foreign exchange, the rupee opened at 83.28 against the dollar, then fell to 83.32, registering a fall of 11 paise over its previous close.
The dollar index snapped a two-year winning streak to end about 2% lower in 2023, as growing expectations of a U.S. rate cut pressured the greenback