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regular-article-logo Friday, 21 June 2024

Rupee gains 18 paise to 82.17 against US dollar in early trade

On Monday, the domestic unit settled at 82.35 against the American currency

PTI Mumbai Published 10.01.23, 10:08 AM
Representational image.

Representational image. Shutterstock

The rupee rose 18 paise to 82.17 against the US dollar in early trade on Tuesday on easing crude oil prices.

Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias.

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At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then gained ground to touch 82.17, registering a rise of 18 paise over its previous close.

On Monday, the rupee settled at 82.35 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.21 per cent to 103.21.

Brent crude futures, the global oil benchmark, fell 0.49 per cent to USD 79.26 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 353.74 points or 0.58 per cent lower at 60,393.57 points. The broader NSE Nifty fell 82.55 points or 0.46 per cent to 18,018.65 points.

Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 203.13 crore, according to exchange data.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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