Rupee rises 4 paise to 83.14 against US dollar

Mumbai, December 20, 2023.

The rupee appreciated 4 paise to 83.14 against the US dollar in early trade on Wednesday as robust buying in domestic equities boosted investor sentiment.

Forex traders said a weak greenback against major currencies overseas weighed in favour of the local currency amid concerns over oil supplies due to geopolitical situation.

At the interbank foreign exchange, the domestic currency opened at 83.17 and gained further to trade at 83.14 against the greenback, registering a rise of 4 paise over its previous close.