Rupee falls 31 paise to 81.89 in early trade
The Hindu
According to forex traders, sustained foreign fund outflows further dented investor sentiments.
The rupee depreciated 31 paise to 81.89 against the US dollar in early trade on Tuesday, January 17, 2023 weighed down by a rebound in American currency and firm crude oil prices.
Sustained foreign fund outflows further dented investor sentiments, forex traders said.
At the interbank foreign exchange, the domestic unit opened weak at 81.79 against the dollar, then fell to 81.89, registering a decline of 31 paise over its last close.
In the previous session on Monday, the rupee settled at 81.58 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 102.38.
Brent crude futures, the global oil benchmark, advanced 0.19 per cent to USD 84.62 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 280.06 points or 0.47 per cent higher at 60,373.03. The broader NSE Nifty advanced 44.90 points or 0.25 per cent to 17,939.75.
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