Rupee falls 18 paise to close at 82.85 against U.S. dollar
The Hindu
The rupee fell 18 paise to close at 82.85 (provisional) against the U.S. dollar on May 22, weighed down by a strong greenback in the overseas market.
The rupee fell 18 paise to close at 82.85 (provisional) against the U.S. dollar on May 22, weighed down by a strong greenback in the overseas market.
However, a firm trend in domestic equities and sliding crude prices in international markets restricted the rupee's loss, forex traders said.
At the interbank foreign exchange, the domestic unit opened at 82.80 against the dollar, and finally settled at 82.85 (provisional), down 18 paise from its previous close.
During the day, the rupee touched a high of 82.70 and a low of 82.85 against the greenback.
On May 19, the rupee had settled at 82.67 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09% to 103.10.
Brent crude futures, the global oil benchmark, declined 0.16% to $75.46 per barrel.