Rupee declines 9 paise to 82.74 against US dollar in early trend

The rupee depreciated 9 paise to 82.74 against the US dollar in early trade on Tuesday. The domestic currency opened at 82.71 and then slipped further, registering a decline against its previous close.

PTI reported that the weakening was attributed to rising crude oil prices as well as foreign fund outflows affecting investor sentiment.

On Monday, the rupee had strengthened by 17 paise to close at 82.65 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the dollar against six currencies, fell 0.19 per cent to 104.11. Global oil benchmark Brent crude futures rose 0.45 per cent to $84.30 a barrel, the report said.

In the domestic equity market, the 30-share BSE Sensex was trading 61.14 points or 0.10 per cent higher at 60,627.56. The NSE Nifty rose 17.90 points, or 0.1 per cent, to 18,032.50.

Date opening rate High Less closing rate
December 26 82.79 82.63 82.83 82.65
December 23 82.81 82.77 82.88 82.82
December 22 82.78 82.64 82.79 82.76
December 21 82.76 82.66 82.84 82.84
December 20 82.69 82.69 82.88 82.70
December 19 82.80 82.57 82.80 82.60

Foreign institutional investors (FIIs) were net sellers in the capital market on Monday, selling shares, according to exchange data. 497.65 cr.

“… exporters selling is likely to cap the upside in USD/INR towards the end of the month. Rupee is expected to trade in 82.60-82.90 range with sideways price action,” IFA Global Research Academy said in a research note. Chances are.”

Leave a comment