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Rupee Falls 5 Paise To 82.23 Against US Dollar

Rupee Falls 5 Paise To 82.23 Against US Dollar

NDTV
Monday, July 31, 2023 02:17:34 PM UTC

Besides, month-end dollar demand from importers and foreign capital outflows weighed on the local currency, which found some cushion at a lower level due to positive sentiment in the domestic equity markets, forex traders said.

The rupee depreciated 5 paise to close at 82.23 (provisional) against the US dollar, tracking surging crude oil prices and a strong greenback against major rivals overseas.

Besides, month-end dollar demand from importers and foreign capital outflows weighed on the local currency, which found some cushion at a lower level due to positive sentiment in the domestic equity markets, forex traders said.

At the interbank foreign exchange, the domestic unit opened at 82.23. It finally settled at 82.23 (provisional) against the American currency, registering a fall of 5 paise against its previous close.

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