Rupee falls 15 paise to 80.93 against U.S. dollar
The Hindu
At the interbank foreign exchange, the domestic unit opened on a strong note at 80.53 against the dollar, then pared the gains to quote at 80.93
The rupee witnessed heavy volatility in early trade on November 14 and depreciated 15 paise to 80.93 against the U.S. dollar in line with a muted trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened on a strong note at 80.53 against the dollar, then pared the gains to quote at 80.93, registering a loss of 15 paise over its previous close.
Also read: Rupee gains 62 paise to close at 80.78 against U.S. dollar
On November 11, the rupee appreciated by 62 paise to close at 80.78 against the dollar.
"We expect the rupee to trade in 80.40-80.70 range intra-day with appreciation bias. A test of 80.10 in this swing is possible. We are likely to see some more inflows till month end into domestic equities on MSCI index re-balancing," IFA Global Research Academy said in a research note.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.49% to 106.80.
Brent crude futures, the global oil benchmark, rose 0.28% to $96.26 per barrel.