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Rupee falls 15 paise to close at 82.73 against US dollar

Staff Writer by Staff Writer
February 13, 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 15 paise to close at 82.73 (provisional) against the US dollar on Monday, weighed down by dollar gains in overseas markets and a flat trend in domestic equities.

According to forex traders, rising crude oil prices have further dampened investor sentiment.
The rupee opened at 82.68 against the US dollar on the interbank foreign exchange market and fell to an intraday low of 82.77. It eventually closed at 82.73 (provisional), down 15 paise from the previous close.
The rupee had previously settled at 82.58 against the dollar in the previous session on Friday.

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Brent crude futures fell 1.19 percent to USD 85.36 per barrel, the global oil benchmark.

The 30-share BSE Sensex fell 250.86 points, or 0.41 percent, to 60,431.84, while the NSE Nifty fell 85.60 points, or 0.48 percent, to 17,770.90.

According to exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday, purchasing shares worth Rs 1,458.02 crore.

 

 

Source:FE

Tags: RupeeRupee vs US Dollarshare marketshree1newsUS Dollar

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