Rupee falls 4 paise to 82.64 against US dollar
The Hindu
Mumbai
The rupee depreciated 4 paise to 82.64 against the US dollar in early trade on Wednesday as a strengthening greenback overseas and risk-off sentiment among investors ahead of the US Fed's interest rate decision weighed on the local unit.
However, a firm trend in domestic equities supported the domestic currency, forex dealers said.
At the interbank foreign exchange, the domestic unit opened flat at 82.60 against the dollar, then lost some ground to quote at 82.64, registering a decline of 4 paise over its previous close.
In early deals, the rupee was moving in a tight range of 82.60-82.65.
In previous session on Tuesday, the rupee settled 9 paise lower at 82.60 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.11% to 104.09.
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