<p>The rupee witnessed a rebound in early trade on Thursday and appreciated 11 paise to 83.42 against the US dollar, supported by positive domestic equities.</p><p>Elevated crude oil prices and sustained foreign fund outflows also dented investor sentiments, forex traders said.</p><p>Moreover, market participants remained cautious ahead of the Reserve Bank's rate-setting panel's decision to be announced on Friday, traders said,</p><p>At the interbank foreign exchange market, the local unit opened at 83.44 against the greenback. The unit hit an intraday low of 83.45 and a high of 83.42 against the greenback, higher 11 paise from its previous close.</p><p>On Wednesday, the rupee depreciated 11 paise to close at 83.53 against the US dollar.</p><p>According to Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, market participants await the RBI MPC policy decision for further cues.</p><p>The Reserve Bank's rate-setting panel on Wednesday started its three-day deliberations on the next set of monetary policy.</p> .Markets rebound in early trade; Sensex, Nifty hit fresh peaks.<p>The decision taken at the meeting of the Reserve Bank Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) will be announced on Friday (April 5).</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.</p><p>Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 89.61 per barrel.</p><p>On the domestic equity market front, Sensex advanced 195.66 points, or 0.26 per cent, to 74,072.48 points. The Nifty rose 45.05 points, or 0.2 per cent, to 22,479.70 points.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 2,213.56 crore, according to exchange data.</p>
<p>The rupee witnessed a rebound in early trade on Thursday and appreciated 11 paise to 83.42 against the US dollar, supported by positive domestic equities.</p><p>Elevated crude oil prices and sustained foreign fund outflows also dented investor sentiments, forex traders said.</p><p>Moreover, market participants remained cautious ahead of the Reserve Bank's rate-setting panel's decision to be announced on Friday, traders said,</p><p>At the interbank foreign exchange market, the local unit opened at 83.44 against the greenback. The unit hit an intraday low of 83.45 and a high of 83.42 against the greenback, higher 11 paise from its previous close.</p><p>On Wednesday, the rupee depreciated 11 paise to close at 83.53 against the US dollar.</p><p>According to Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, market participants await the RBI MPC policy decision for further cues.</p><p>The Reserve Bank's rate-setting panel on Wednesday started its three-day deliberations on the next set of monetary policy.</p> .Markets rebound in early trade; Sensex, Nifty hit fresh peaks.<p>The decision taken at the meeting of the Reserve Bank Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) will be announced on Friday (April 5).</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.</p><p>Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 89.61 per barrel.</p><p>On the domestic equity market front, Sensex advanced 195.66 points, or 0.26 per cent, to 74,072.48 points. The Nifty rose 45.05 points, or 0.2 per cent, to 22,479.70 points.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 2,213.56 crore, according to exchange data.</p>