Us dollar to rupee

The rupee gained 15 paise to settle at 82.10 (provisional) against the US dollar on Wednesday, helped by robust macro fundamentals, FII inflows and a weak greenback against major rivals overseas. At the interbank foreign exchange market, the local unit opened at 82.28 against the US dollar and settled at 82.10 (provisional), up 15 paise over its previous close amid a positive trend in domestic equities. WPI inflation declines to 3-year low of -3.48% in May • Also read: "The Indian rupee rose to a one-month high on reports of corporate inflows and positive domestic equities," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. Choudhary further added that the weak US dollar also supported the rupee while some recovery in crude oil prices capped sharp gains. The US dollar declined on rising expectations of a pause in rate hikes by the US Federal Reserve. "We expect the rupee to trade with a positive bias on weakness in the dollar and expectations of a no rate hike by the US Federal Reserve. "A rise in risk appetite in global markets may also support the rupee. However, a positive tone in crude oil prices may cap a sharp upside. We expect the USD/INR spot to trade between 81.60 to 82.50 in the near term," Choudhary added. The dollar index fell 0.18 per cent to 103.15. Meanwhile,Brent crude futures advanced 1.09 per cent to $75.10 per barrel. On the domestic equity market front, the 30-share On the domestic macroeconomic front, the • Also read: • Comments will ...