Rupee slips 1 paisa to 82.41 against U.S. dollar in early trade
The Hindu
At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar
The rupee slipped 1 paisa to 82.41 against the U.S. dollar in the morning trade on October 11 amid the strengthening of the American currency and sustained foreign fund outflows.
Moreover, a weak trend in domestic equities and risk aversion sentiment among investors weighed on the local unit.
At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.
In a highly volatile session, the local unit also touched 82.33 against the American currency in initial deals.
On Monday, the rupee slipped 10 paise to finish at a fresh lifetime low of 82.40 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12% to 113.27.
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