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Rupee sheds 33 paise on persistent dollar purchases by oil companies

So far this week, the domestic currency has shed 0.7% against the greenback, making it among the weakest performing Asian units over the past few days

Rupee, Indian Rupee, Indian currency
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Bhaskar Dutta Mumbai
The rupee weakened sharply against the dollar on Tuesday, giving up 33 paise, as relentless purchases of the American currency by importers, particularly oil companies, towards the end of the month dragged the domestic currency lower.

The rupee settled at 81.72 to the dollar as against 81.39 on Monday.

So far this week, the domestic currency has shed 0.7 per cent against the greenback, making it one of the weakest performing Asian units over the last couple of days, traders said.

In the calendar year so far, however, the rupee has appreciated 1.2 per cent against the American unit.

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First Published: Jan 24 2023 | 7:00 PM IST

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