At the interbank foreign exchange, the rupee opened at 82.00 against the dollar, and touched 82.01, registering a fall of 3 paise over its previous close. In initial trade the rupee touched a high of 81.98 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.05 to 101.01. According to Finrex Treasury Advisors LLP Head of Treasury Anil Kumar Bhansali, as the US dollar index rises to 101.10, Asian currencies were trading down against the dollar. The rupee opened near to 82 level with an eye on the approaching FOMC meeting and FED decision on 26th.

Source: The Hindu July 24, 2023 19:53 UTC