Rupee Falls 4 Paise To 82.83 Against US Dollar In Early Trade
NDTV
Fresh foreign fund inflows and a weak American currency against major rivals overseas capped the losses in the domestic unit, forex traders said.
The rupee depreciated 4 paise to 82.83 against the US dollar in early trade on Wednesday, weighed down by a muted trend in domestic equities. However, fresh foreign fund inflows and a weak American currency against major rivals overseas capped the losses in the domestic unit, forex traders said.
At the interbank foreign exchange, the domestic unit opened flat at 82.79 against the dollar. Later, it lost some ground to quote at 82.83, registering a decline of 4 paise over its last close.
In the previous session on Tuesday, the rupee settled at 82.79 against the dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09 per cent to 104.01.
