Rupee falls 20 paise to 82.45 against U.S. dollar

The rupee depreciated 20 paise to 82.45 against the U.S. dollar in early trade on July 6, weighed down by strength of the American currency in the overseas market and elevated crude oil prices.

The rupee depreciated 20 paise to 82.45 against the U.S. dollar in early trade on July 6, weighed down by strength of the American currency in the overseas market and elevated crude oil prices.

At the interbank foreign exchange, the domestic unit opened at 82.36, then fell to 82.45, registering a decline of 20 paise over its last close.

On July 5, the rupee settled at 82.25 against the dollar.

Forex traders said the U.S. dollar gained on safe-haven demand amid risk aversion and rising expectations of a hawkish U.S. Federal Reserve monetary policy in July.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03% to 103.40.

Brent crude futures, the global oil benchmark, fell marginally by 0.23% to $76.47 per barrel.

Moreover, Brent Oil prices were trading higher at $76.63 on hawkish FED comments, traders said.