Rupee falls 7 paise to 82.11 against U.S. dollar
The Hindu
On Tuesday, the rupee settled at 82.04 against the dollar
The rupee depreciated 7 paise to 82.11 against the U.S. dollar in early trade on April 19, weighed down by firm crude oil prices and a negative trend in domestic equities.
Forex traders said foreign fund outflows and strengthening of the American currency in the overseas market dented investor sentiments.
At the interbank foreign exchange, the domestic unit opened weak at 82.10 against the dollar, then fell to 82.11, registering a decline of 7 paise over its last close.
On Tuesday, the rupee settled at 82.04 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04% to 101.78.
Brent crude futures, the global oil benchmark, declined 0.18% to $84.62 per barrel.
The USDINR pair is holding well above 82.00 mark and waiting for the fresh triggers to mark its move past 82.20 levels, CR Forex Advisors MD-Amit Pabari said.
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