Finance
The rupee fell 10 paise to 82.74 against the US dollar in early trade on Friday, weighed down by the US currency’s strength in the foreign market.
According to forex traders, sustained foreign fund outflows harmed investor sentiment even more.
At the interbank foreign exchange, the domestic unit opened weak at 82.67 against the dollar before falling to 82.74, a 10-paise drop from its previous close.
The rupee closed at 82.64 against the US dollar on Thursday.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.04 percent to 104.55.
Brent crude futures rose 0.81 percent to USD 82.88 per barrel, the global oil benchmark.
The 30-share BSE Sensex was trading 83.96 points, or 0.14 percent, higher at 59,689.76 points in the domestic equity market. The NSE Nifty gained 19.25 points, or 0.11 percent, to 17,530.50.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital markets on Thursday, offloading shares worth Rs 1,417.24 crore.
Source:BS
