Business Standard

Rupee depreciates by 10 paise to 82.26 against US dollar in early trade

The rupee declined by 10 paise to 82.26 against the US dollar in opening trade on Wednesday due to firm crude oil prices and a stronger greenback in overseas markets

Rupee, economy, inr, India

Press Trust of India Mumbai

Listen to This Article

The rupee declined by 10 paise to 82.26 against the US dollar in opening trade on Wednesday due to firm crude oil prices and a stronger greenback in overseas markets.
Early gains in domestic stock markets however restricted the rupee losses against the dollar.
At the interbank foreign exchange market, the rupee opened lower at 82.26 against the previous close of 82.16.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rebounded by 0.15 per cent to 102.58 in early Asian trade.
Global oil benchmark Brent crude futures firmed up by 0.19 per cent to USD 78.80 per barrel.
On the domestic equity market front, the 30-share BSE Sensex rose by 123.64 points or 0.21 per cent to 57,737.36 while NSE Nifty gained 53.70 points or 0.32 per cent to 17,005.40 in early trade.
Foreign Institutional Investors (FIIs) turned net buyers in the capital market on Tuesday as they bought shares worth Rs 1,531.13 crore, according to exchange data.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 29 2023 | 10:54 AM IST

Explore News