Rupee falls 13 paise to close at 82.38 against U.S. dollar
The Hindu
The rupee fell 13 paise to close at 82.38 (provisional) against the U.S. currency on May 17, 2023.
The rupee fell 13 paise to close at 82.38 (provisional) against the U.S. currency on Wednesday, weighed down by the strength of the American currency in the overseas market and a negative trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened at 82.29 against the dollar, also the intra-day high, and settled for the day at 82.38 (provisional), down 13 paise from its previous close.
During the day, the rupee touched a low of 82.45 against the greenback.
On Tuesday, the rupee settled at 82.25 against the dollar.
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"The Indian rupee depreciated on weak domestic markets and a strong dollar. However, FII inflows and easing crude oil prices cushioned the downside," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.
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