[ad_1]
On Monday, rupee rose 13 paise to 82.62 against the dollar in the previous session
The Indian rupee fell 11 paise to 82.73 per dollar (22.54 to the UAE dirham) in early trade on Tuesday, as a sell-off in Indian stocks and higher crude prices in global markets weighed on South Asian currencies.
However, weakness in the dollar against key rivals supported the rupee and limited losses, currency traders said.
In the Indian interbank foreign exchange market, the rupee opened weaker at 82.69 per dollar before falling further to 82.73, down 11 paise from its previous close.
On Monday, the rupee rose 13 paise to 82.62 against the dollar in the previous session.
In Indian stocks, the 30-share BSE Sensex shed 303.59 points or 0.49 percent to 61,502.60 and the broader NSE Nifty shed 95.85 points or 0.52 percent to 18,324.60.
Meanwhile, the U.S. dollar index , which measures the greenback’s strength against a basket of six currencies, fell 0.37% to 104.33.
Brent crude futures, the global oil benchmark, rose 0.89% to $80.51 a barrel.
Foreign institutional investors were net sellers in the capital market on Monday, selling shares worth 5.38 billion rupees, according to exchange data.
(according to PTI input)
Also read:
[ad_2]
Source link