The Indian rupee is likely to continue to stay pressured in narrow moves in opening trades on Wednesday tracking strength in dollar overseas and muted cues from global equities. Yesterday, rupee settled 2 paise lower at 88.61 against the US dollar in a range-bound trade in line with negative sentiment in equity markets. Indian shares closed lower, mirroring weak cues from global markets as investors braced for the delayed September U.S. jobs data and earnings from Nvidia. The benchmark BSE Sensex ended down 277.93 points, or 0.33 percent, at 84,673.02 while the broader NSE Nifty index fell 103.40 points, or 0.40 percent, to 25,910.05. However, the emergence of foreign fund inflows, a mildly weak greenback and lower crude oil prices helped the Indian currency resist downward pressure.
Powered by Capital Market - Live News