Rupee rises 2 paise to 83.03 against US dollar in early trade
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The rupee appreciated 2 paise to 83.03 against the US dollar in early trade on Wednesday supported by positive domestic equities. The rupee opened at 83.03 against the dollar, registering a gain of 2 paise over its previous close. Forex traders said the rupee is trading in a narrow range as factors such as capital inflows and stable domestic economic data supported sentiments, while hawkish FED, strong US data and global tensions weighed on the local unit. The dollar index was trading 0.11 per cent lower at 104.09. Brent crude futures rose 0.17 per cent to $78.72 per barrel. The BSE Sensex was trading 336.54 points or 0.47 per cent higher at 72,522.63 points. Foreign institutional investors (FIIs) were net buyers in the capital markets on Tuesday as they purchased shares worth Rs 92.52 crore. The Reserve Bank of India's monetary policy committee began deliberation on Tuesday and will announce the key interest rate decision on Thursday.

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