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    Prime Minister Shri Narendra Modi inaugurates SEMICON India 2024 in Greater Noida, Uttar Pradesh

    Prime Minister Shri Narendra Modi inaugurates SEMICON India 2024 in Greater Noida, Uttar Pradesh

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    Odisha Records 63 New COVID Cases

    Odisha Reports 63 New Covid-19 Cases

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    India’s Cumulative COVID-19 Vaccination Coverage exceeds 219.27 Cr

    Union Finance Minister participates in Development Committee (DC) meeting in Washington DC

    Union Finance Minister participates in Development Committee (DC) meeting in Washington DC

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Rupee depreciates by 10 paise to 82.26 against US dollar

shree1news by shree1news
March 29, 2023
in Finance
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Rupee hits record low for second session; pares losses to close flat

Downward growth arrow 3d rupee symbol sign. Economic recession concept Indian currency sign.

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The rupee fell 10 paise to 82.26 against the US dollar in early trade on Wednesday, owing to higher crude oil prices and a stronger greenback in international markets.

However, early gains in domestic stock markets limited rupee losses against the dollar.

READ ALSO

Rupee records steepest decline in over 5 weeks amid geo-political tensions

India and France sign Amending Protocol to update Double Taxation Avoidance Convention (DTAC)

The rupee opened lower at 82.26 against the previous close of 82.16 in the interbank foreign exchange market.

In early Asian trade, the dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.15 percent to 102.58.

Brent crude futures rose 0.19 percent to USD 78.80 per barrel, the global oil benchmark.

In early trade, the 30-share BSE Sensex rose 123.64 points, or 0.21 percent, to 57,737.36, while the NSE Nifty rose 53.70 points, or 0.32 percent, to 17,005.40.

According to exchange data, foreign institutional investors (FIIs) became net buyers in the capital market on Tuesday, purchasing shares worth Rs 1,531.13 crore.

 

Source:BS

Tags: RupeeRupee vs US Dollarshree1newsUS Dollar

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