Rupee falls 43 paise to 79.60 against U.S. dollar in early trade
The Hindu
The rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close
The rupee depreciated by 43 paise to 79.60 against the U.S. dollar in opening trade on Wednesday, as higher-than-expected U.S. CPI print resulted in massive risk-off sentiments.
At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close. In initial deals, the local unit also touched 79.54 against the dollar.
On Tuesday, the rupee appreciated by 36 paise to close at an over one-month high of 79.17 against the dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03% to 109.77.
Global oil benchmark Brent crude futures fell 0.10% to USD 92.91 per barrel.
The U.S. August CPI came in higher than expected at 8.3% year-on-year and 0.6% month-on-month.
Alma Medical Private Limited, the Indian subsidiary of the Israeli manufacturer that’s among the global innovators in lasers for medical, light-based, radiofrequency, and ultrasound solutions in the aesthetic, surgical and beauty (spa) markets, is expanding further into Asia, where it already has a strong presence, especially in India, China, Korea and Japan, apart from Australia.