Rupee falls 7 paise to close at 81.81 against U.S. dollar
The Hindu
The domestic unit finally settled at 81.81 against the American currency, registering a fall of 7 paise over its last close
The rupee depreciated 7 paise to close at 81.81 (provisional) against the U.S. dollar on Monday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities.
At the interbank foreign exchange market, the local unit opened at 81.84 and later witnessed an intraday high of 81.74 and a low of 81.91 during the session.
The domestic unit finally settled at 81.81 against the American currency, registering a fall of 7 paise over its last close.
On Friday, the rupee depreciated 10 paise to close at 81.74 against the U.S. currency.
The rupee depreciated on weak domestic markets and a strong dollar. FII outflows put downside pressure on the rupee, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.
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