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Investors remain concerned over rising crude prices in the overseas markets and persistent foreign capital outflows, say forex traders
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However, foreign capital outflows restricted the gain in the South Asian currency, forex traders say
On Wednesday, the currrency appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the budget for 2023-24
Experts say the key to making both the stock market and bond market happy would be a theme that focuses on capex and fiscal consolidation
Other Asian currencies advanced, led by the onshore Chinese yuan
The US dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.04 per cent to 101.88
Sustained foreign fund outflows further dented investor sentiments, forex traders say
Most Asian currencies were stronger on the week's first trading day
Forex traders say sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.21 per cent to 103.21