Rupee Declines 10 Paise To 82.16 Against US Dollar
NDTV
The rupee pared its initial gains to settle 10 paise down at 82.16 (provisional) against the US dollar on Monday, tracking the weak sentiment in the domestic equity market and unabated foreign fund outflow.
The rupee pared its initial gains to settle 10 paise down at 82.16 (provisional) against the US dollar on Monday, tracking the weak sentiment in the domestic equity market and unabated foreign fund outflow.
Traders said fall in crude oil price and weaker dollar against major currencies, however, restricted the fall of the Indian currency.
At the interbank foreign exchange market, the local unit opened stronger at 81.78 against the American currency and touched a low of 82.20 during intra-day. It settled at 82.16 (provisional) against the greenback, registering a loss of 10 paise over its previous close of 82.06.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.37 per cent to 104.19.
