Rupee falls 16 paise to settle at 82.79 against US dollar
Admin
Sep 5, 2023 01:45
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The rupee depreciated by 16 paise to settle at 82.79 (provisional) against the US dollar on Thursday, tracking a firm American currency and rising crude oil prices.
Forex traders said that negative sentiment in the equity market and outflow of foreign funds also weighed on the domestic unit. Investors were also awaiting the domestic GDP data which is scheduled to be announced later in the day.
At the interbank foreign exchange, the domestic unit opened at 82.65 and moved between the peak of 82.58 and the lowest level of 82.76 during intra-day trade.
