The Indian rupee will likely continue to remain choppy on Thursday amid weak local equities and firm dollar overseas. Dollar index futures continue to linger well above 105 mark while Asian markets traded mostly lower this morning. Yesterday, rupee stayed range-bound and settled 1 paisa lower at 83.52 against the US dollar as the support from easing crude oil prices was negated by strong dollar demand. Muted trend in domestic equities and significant foreign fund outflows also dented investors' sentiments. The benchmark S&P BSE Sensex ended the session down 45.46 points, or 0.06 percent, at 74,466.39 after a choppy session. The broader NSE Nifty index closed virtually unchanged at 22,302.50. Powered by Commodity Insights |