Currency Check | Rupee opens marginally lower at 93.73/dollar; Asian peers trade mixed
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Indian rupee opened marginally lower at 93.73 per dollar on November 12.
- ✓The currency fell 4 paise from its previous close of 93.69.
- ✓While foreign equity inflows helped, a strong dollar kept pressure on the rupee.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Indian rupee opened marginally lower on November 12, with the ongoing revival in foreign equity inflows providing a counterweight to a resurgent dollar that has advanced to a one-month high. The rupee opened lower by 4 paise at 93.73 per dollar, compared with previous close of 93.69. According to Finrex, the rupee is set to open at 93.73 this morning despite the rise in dollar index to 102.85 with Euro falling below 1.11 levels after 18 months which indicates that FPIs are buyers of Indian Assets and sellers of $ rupee. Yesterday the buying in equity was around Rs 12000 crores which is more than $ 1.25 billion.
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