Rupee falls 25 paise to 82.46 against U.S. dollar
The Hindu
The rupee depreciated 25 paise to 82.46 against the U.S. dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
The rupee depreciated 25 paise to 82.46 against the U.S. dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened weak at 82.44 against the dollar, then fell to 82.46, registering a decline of 25 paise over its last close.
On Friday, the rupee settled at 82.21 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.48% to 102.99.
Brent crude futures, the global oil benchmark, advanced 5.50% to $84.28 per barrel.
"... Appreciation in rupee shall remain limited to 81.50-81.80 zone where importer can target buying and upside shall for now remain protected towards 82.70-82.90 region for this week," CR Forex Advisors MD-Amit Pabari said.
"With a holiday shortened week, highlights would be the RBI policy due on April 6 and U.S. payrolls due on April 7," Mr. Pabari added.
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