Finance
The rupee fell 40 paise to close below the 82 per US dollar mark on Thursday, weighed down by foreign fund outflows and corporate dollar demand.
At the interbank foreign exchange market, the rupee opened at 81.81 against the greenback, and touched an intra-day high of 81.71 and a low of 82.20.
Foreign fund outflows and corporate dollar demand weighed on the rupee, which fell 40 paise to close below the 82-per-US-dollar mark on Thursday.
The rupee opened at 81.81 against the US dollar on the interbank foreign exchange market, and it reached an intraday high of 81.71 and a low of 82.20.
It eventually closed at 82.20 (provisional), down 40 paise from the previous close.
The rupee gained 8 paise against the dollar on Wednesday after Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24.
The dollar index, which measures the strength of the greenback against a basket of six currencies, was trading 0.12% lower at 101.10, after the US Fed raised interest rates in line with expectations by 25 basis points to 4.50-4.75 per cent.
Brent crude futures fell 0.14 percent to USD 82.72 per barrel, the global oil benchmark.
According to exchange data, Foreign Institutional Investors (FIIs) became net buyers in the capital markets on Wednesday, purchasing shares worth Rs 1,785.21 crore.
Source:FE
