Rupee slips 2 paise to 82.77 against U.S. dollar
The Hindu
In the previous session on Friday, the rupee settled almost flat at 82.75 against the U.S. dollar.
The rupee depreciated 2 paise to 82.77 against the U.S. dollar in early trade on Monday weighed down by foreign capital outflows and a rise in crude oil prices in the international market.
However, a weak greenback against major rivals overseas cushioned the downside for the local unit, forex dealers said.
At the interbank foreign exchange, the domestic unit opened weak at 82.80 against the dollar, then gained some ground to quote 82.77, registering a decline of just 2 paise over its previous close.
In the previous session on Friday, the rupee settled almost flat at 82.75 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 104.54.
Brent crude futures, the global oil benchmark, advanced 1.20 per cent to $79.99 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 67.61 points or 0.11 per cent higher at 61,405.42. The broader NSE Nifty rose 14.65 points or 0.08 per cent to 18,283.65.
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