Currency | Rupee rises 6 paise to close at 83.04 against US dollar
The local unit hit an intraday low of 83.12 and a high of 83.01
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The local unit hit an intraday low of 83.12 and a high of 83.01
Forex traders said the local unit is trading in a narrow range as the support from positive domestic equities was negated by foreign fund outflows
During the day, it witnessed an intraday high of 83.13 and a low of 83.15 against the American currency
Dick Bove, who retired this month after more than half a century as an analyst, said the dollar's primacy is under threat from outsourcing, China, and crypto.
US equity futures declined, with Intel sliding almost 12% in premarket trades as investors reacted to its disappointing first-quarter guidance.