Finance
The rupee fell 8 paise to 82.71 (provisional) against the US dollar on Tuesday, owing to a resurgence in crude oil prices and the greenback in global markets.
Foreign fund withdrawals from equity markets have also weighed on the rupee, according to forex dealers.
The local unit opened higher at 82.58 on the interbank foreign exchange, despite overnight losses in the US dollar against major global rivals.
The rupee fell to a day low of 82.73 due to volatile equity markets and a recovery in crude oil prices during the day.
The rupee fell 8 paise to 82.71 versus the US dollar. The rupee gained one paisa on Monday, closing at 82.63.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, was 0.01 percent higher at 104.07.
Brent crude futures increased 0.60 percent to USD 84.93 per barrel, the global oil benchmark.
On the domestic equity front, the BSE Sensex closed 79.22 points higher at 65,075.82, while the wider Nifty advanced 36.60 points to 19,342.65.
According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in capital markets on Monday, offloading shares worth Rs.393.25 crore.
Source:FE
