Mumbai: The Indian foreign money slipped down towards the US greenback within the foreign exchange market. The strengthening of the US greenback and concern over a fee hike by the US Federal Reserve influenced buyers.
On the Interbank international trade the Indian foreign money opened at 81.81, 14 paise decrease towards the US greenback. On Tuesday, the native foreign money appreciated by 12 paise to shut at 81.67 towards the US greenback.
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The greenback index, which measures the US greenback’s efficiency towards a basket of 6 currencies fell 0.06% to 107.16. International Institutional Buyers (FIIs) had been internet sellers in Indian capital markets as they offloaded shares price Rs 697.83 crore.