Mumbai: The rupee was trading on a flat note at 83.43 against the US dollar in early trade on Thursday amid a stronger greenback following the US central bank's decision to keep interest rates unchanged.
Forex traders said the rise in crude oil prices put pressure on the Indian currency. However, it was supported by positive domestic equity market sentiment and foreign capital inflows.
At the interbank foreign exchange, the domestic unit opened stronger at 83.41 BU, later slipping to its previous close of 83.43 against the dollar.
After falling by 7 paise on Monday, the rupee had increased by 2 paise and closed at 83.43 against the dollar on Tuesday.
The foreign exchange market was closed on Wednesday on the occasion of Maharashtra Day.
On Wednesday, the US Federal Reserve decided to maintain the status quo on benchmark interest rates, which was in line with market expectations.
Analysts said market participants will keep a close eye on U.S. non-farm payrolls data to be released on Friday.
Meanwhile, the dollar index, which gauges the greenback's strength against six currencies, rose 0.02 percent to 105.64.
Global oil benchmark Brent crude futures rose 0.56 percent to US$83.91 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 152.67 points or 0.20 per cent higher at 74,635.45. The broader NSE Nifty rose 25.7 points, or 0.11 per cent, to 22,630.60.
Foreign institutional investors (FIIs) were net buyers in the capital market on Tuesday as they bought shares worth Rs 1,071.93 crore on a net basis, according to exchange data.
India's goods and services tax (GST) collections rose 12.4 per cent to a record high of Rs 2.10 lakh crore in April, the Finance Ministry said on Wednesday, driven by strong economic momentum and growth in domestic transactions and imports.
Forex traders said the rise in crude oil prices put pressure on the Indian currency. However, it was supported by positive domestic equity market sentiment and foreign capital inflows.
At the interbank foreign exchange, the domestic unit opened stronger at 83.41 BU, later slipping to its previous close of 83.43 against the dollar.
After falling by 7 paise on Monday, the rupee had increased by 2 paise and closed at 83.43 against the dollar on Tuesday.
The foreign exchange market was closed on Wednesday on the occasion of Maharashtra Day.
On Wednesday, the US Federal Reserve decided to maintain the status quo on benchmark interest rates, which was in line with market expectations.
Analysts said market participants will keep a close eye on U.S. non-farm payrolls data to be released on Friday.
Meanwhile, the dollar index, which gauges the greenback's strength against six currencies, rose 0.02 percent to 105.64.
Global oil benchmark Brent crude futures rose 0.56 percent to US$83.91 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 152.67 points or 0.20 per cent higher at 74,635.45. The broader NSE Nifty rose 25.7 points, or 0.11 per cent, to 22,630.60.
Foreign institutional investors (FIIs) were net buyers in the capital market on Tuesday as they bought shares worth Rs 1,071.93 crore on a net basis, according to exchange data.
India's goods and services tax (GST) collections rose 12.4 per cent to a record high of Rs 2.10 lakh crore in April, the Finance Ministry said on Wednesday, driven by strong economic momentum and growth in domestic transactions and imports.
