Dollar vs Rupee: Rupee flat against US dollar, decline of 8 paise
Indian Rupee vs Dollar: Today again the rupee has weakened against the US dollar. Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, selling shares worth Rs 693.28 crore, according to exchange data. The rupee had closed at 82.09 against the dollar on Thursday. Let's know-how is the condition of the market today is.
The rupee depreciated 8 paise to 82.05 against the US dollar in early trade on Friday due to a stronger US dollar and the outflow of foreign funds from domestic equities.
Forex traders said that the rise in crude oil prices also impacted the local unit. Negative sentiments in domestic and global equity markets also weighed on the Indian currency.
The domestic unit opened at 82.05 at the interbank forex market but again traded in the range of 82.07-82.04. Later, the rupee turned flat and traded at 82.05 against the greenback. It was registering a decline of 8 paise from the previous close.
Let us tell you that on Thursday, the rupee closed at 81.97 against the dollar.
The dollar index, which gauges the greenback's strength against six currencies, rose 0.20 percent to 102.59. Was on Crude oil price benchmark Brent crude was trading 0.69 percent lower at $73.63 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 693.28 crore on Thursday, according to exchange data.
The 30-share BSE Sensex fell 194.96 points, or 0.31 percent, to 63,043.93, while the broader NSE Nifty fell 70.45 points, or 0.36 percent, to 18,700.80.
