Rupee falls 13 paise to 75.16 against U.S. dollar in early trade
The Hindu
The dollar index, which gauges the greenback's strength against a basket of six currencies, increased by 0.10% to 96.11
The rupee declined by 13 paise to 75.16 against the U.S. dollar in opening trade on December 27, as muted domestic equities and persistent foreign fund outflows weighed on the local unit.
Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit.
At the interbank foreign exchange, the rupee opened weak at 75.15, then slipped further to 75.16 against the U.S. dollar in early deals, registering a decline of 13 paise from the last close. The local unit also touched an early high of 75.02 against the greenback in initial deals.
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