Rupee slides 38 paise against dollar as traders jittery before US CPI

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at 82.89 on November 3

The rupee weakened on Thursday, giving up some of the sharp gains notched up since the end of the last week, as the dollar strengthened ahead of a crucial US inflation data release and as oil companies stepped up purchases of the greenback.

The rupee closed at 81.81 per dollar on Thursday as against 81.43 per dollar at previous close. The local currency has depreciated 9.1 per cent against the greenback so far in 2022.

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at