“The rupee remained stable at 83.33 against the US dollar in early trade on Thursday despite a strong American currency and higher crude oil prices.
Forex traders noted that positive equity markets and an inflow of foreign funds helped to prevent a decline in the Indian currency.
At the interbank foreign exchange, the rupee opened at 83.32 and stayed at the previous closing level of 83.33 against the greenback in initial deals.
On Wednesday, the rupee had weakened by 4 paise to close at 83.33 against the US dollar.
Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, was trading slightly higher at 104.07, up by 0.01 per cent.
Brent crude futures, the global oil benchmark, saw a 0.53 per cent increase to reach USD 86.56 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 170.43 points, or 0.23 per cent, higher at 73,166.74 points, while the broader NSE Nifty rose by 53.45 points, or 0.24 per cent, to 22,177.10 points.
Foreign institutional investors (FIIs) were net buyers in the capital markets on Wednesday, purchasing shares worth Rs 2,170.32 crore, according to exchange data.”
