Rupee falls 26 paise to 74.54 against USD in early trade
The Hindu
Foreign institutional investors remained net buyers in the capital market on January 3, as they purchased shares worth ₹902.64 crore, as per exchange data
The rupee declined by 26 paise to 74.54 against the U.S. dollar in opening trade on January 4, tracking the strength of the American currency in the overseas market.
Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit.
At the interbank foreign exchange, the rupee opened weak at 74.49 against the U.S. dollar, then fell further to 74.54 against the greenback in early deals, registering a decline of 26 paise from the last close.
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