Rupee falls 15 paise to close at 83.21 against U.S. dollar
The Hindu
Rupee depreciated 15 paise to close at 83.21 against U.S. dollar on October 3, 2023 due to strong U.S. dollar and weak domestic equities. Muted domestic macro data and FII outflows mounted downside pressure
The rupee depreciated 15 paise to close at 83.21 (provisional) against the U.S. dollar on Tuesday (October 3), as a strong U.S. dollar and weak domestic equities dented investor sentiments.
Forex traders said muted domestic macroeconomic data and sustained FII outflows also mounted downside pressure on rupee.
At the interbank foreign exchange market, the local unit opened at 83.21 against the U.S. dollar and moved in a range of 83.23 to 83.17.
The rupee finally settled at 83.21 (provisional) against the U.S. dollar, down 15 paise from its previous close.
On Friday, the rupee appreciated 13 paise to settle at 83.06 against the U.S. dollar.
On Monday, the domestic forex market was closed on account of Mahatma Gandhi Jayanti.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.14% to 104.05.
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The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.