Rupee Closes 25 Paise Lower At 82.62 Against US Dollar

Traders said negative sentiment in the domestic equity market also hit the domestic currency.

The rupee declined by 25 paise to 82.62 (provisional) against the US dollar today amid a strong greenback against major currencies overseas and unabated foreign fund outflows.

Traders said negative sentiment in the domestic equity market also hit the domestic currency.

At the interbank foreign exchange, the domestic unit opened strong at 82.32 against the dollar and traded in a range of 82.30 and 82.62. It finally settled at 82.62 (provisional) against the American currency, a fall of 25 paise against its previous close.

This is the third consecutive day of decline in the rupee.