Rupee falls 13 paise to 81.82 against U.S. dollar
The Hindu
At the interbank foreign exchange, the domestic unit opened weak at 81.80 against the dollar
The rupee depreciated 13 paise to 81.82 against the U.S. dollar in early trade on January 18, as a strengthening American currency and firm crude oil prices weighed on investor sentiments.
At the interbank foreign exchange, the domestic unit opened weak at 81.80 against the dollar, then fell to 81.82, registering a decline of 13 paise over its last close.
In the previous session on Tuesday, the rupee settled at 81.69 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.49% to 102.88.
Brent crude futures, the global oil benchmark, advanced 0.65% to $86.48 per barrel.
Traders said market participants remain cautious ahead of the Bank of Japan's policy statement.
Bank of Japan has been by far the most dovish central bank and has used all kinds of unconventional tools to keep its policy ultra accommodative. Any departure from this policy would therefore be a huge shift, IFA Global Research Academy said in a research note.
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