The Indian rupee on June 23 gained three paise at 42.96/97 against the greenback on sustained capital outflows amid weak equity markets and some dollar selling by exporters. At the Interbank Foreign Exchange (Forex) market, the domestic currency moved in a very limited breadth of 42.95 and 42.98 a dollar before ending at 42.96/97 from previous close of 42.93/94 per dollar.
Forex dealers said intervention by the central bank to support the rupee helped the local unit to remain range bound through the day and closed at the opening level.Sustain offloading by Foreign Institutional Investors (FIIs) mainly weighed on the rupee sentiment, they said. FIIs sold shares worth $2.09 billion in the current month till June 23 and also pulled out a whopping nearly $5.9 billion in the current calender so far.
Forex dealers said intervention by the central bank to support the rupee helped the local unit to remain range bound through the day and closed at the opening level.Sustain offloading by Foreign Institutional Investors (FIIs) mainly weighed on the rupee sentiment, they said. FIIs sold shares worth $2.09 billion in the current month till June 23 and also pulled out a whopping nearly $5.9 billion in the current calender so far.
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