Investors now await US initial jobless claims data for the preceding week due later in the day
Investors now await US initial jobless claims data for the preceding week due later in the day
A positive trend in domestic equities boosted investor sentiments
Persistent foreign fund outflows weighed on the local unit, forex traders say
On Tuesday, the rupee settled at 83.27 against the US dollar
The US Fed kept interest rates on hold, and its chairman looked content with the economy's soft landing
Persistent foreign fund outflows weighed on the currency, forex traders say
Support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas
Forex traders say this comes sustained foreign fund outflows and strength of the American currency in the overseas market weigh on investor sentiments
Some buying by foreign equity investors supported the currency even though it was pressured by a subdued sentiment in the domestic equity markets
Asian shares hit one-year lows as the risk of a wider conflict in the Middle East clouded market sentiment