Rupee falls 18 paise to close at 82.22 against U.S. dollar

The rupee depreciated 18 paise to close at 82.22 (provisional) against the U.S. currency on April 19, pressured by a strong greenback overseas and a negative trend in domestic equities.

The rupee depreciated 18 paise to close at 82.22 (provisional) against the U.S. currency on April 19, pressured by a strong greenback overseas and a negative trend in domestic equities.

Forex traders said foreign fund outflows and firm crude oil prices also dragged the local unit down.

At the interbank foreign exchange, the domestic unit opened at 82.10 against the dollar and finally ended the session at 82.22 (provisional), down 18 paise from its previous close.

During the day, the rupee witnessed a high of 82.07 and a low of 82.25 against the greenback.

On April 18, the rupee settled at 82.04 against the dollar.

The rupee depreciated on April 19 on weak domestic equities and a strong U.S. dollar. FII outflows over the past two sessions also weighed on the local unit, said Anuj Choudhary — Research Analyst at Sharekhan by BNP Paribas.

European markets too traded in the red, with U.K. markets as the biggest loser amid elevated inflation. The dollar gained on rising expectations of further tightening of monetary policy by the U.S. Federal Reserve in its next FOMC meeting in May.