Rupee trades almost flat at 75.28 against US dollar in opening deals

On the domestic equity market front, the BSE Sensex was trading 525.54 points or 0.86% higher at 61,831.49; While the broader NSE Nifty rose 166.55 points or 0.91% to 18,505.10 . was on

The Indian rupee was trading marginally lower by 2 paise at 75.28 against the US dollar in early trade on October 18, tracking a firmer greenback against key rivals overseas.

At the interbank forex market, the local unit opened on a stable note and traded cautiously between a high of ₹75.26 and a low of ₹75.29 against the US currency.

On October 14, the rupee had closed at ₹75.26 against the US dollar. The forex market was closed on October 15 for the ‘Dussehra’ holiday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.17% at 94.09.

Global oil benchmark Brent crude futures rose 1.07% to $85.76 a barrel.

On the domestic equity market front, the BSE Sensex was trading 525.54 points or 0.86% higher at 61,831.49; While the broader NSE Nifty was up 166.55 points or 0.91% at 18,505.10.

Foreign institutional investors remained net buyers in the capital market on October 14 as they bought shares worth Rs 1,681.60 crore, according to exchange data.

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