Rupee Trades 26 Paise Lower At 81.68 Against US Dollar


Rupee Trades 26 Paise Lower At 81.68 Against US Dollar

The US greenback index was down 0.17% at 101.96. (File)

Mumbai:

The rupee declined by 26 paise to 81.68 in opposition to the US greenback in early commerce on Tuesday because of an increase in crude oil costs and foreign exchange outflows.

Early features in home fairness markets and a weak greenback in opposition to world currencies, nonetheless, restricted the rupee’s losses.

The native unit opened decrease at 81.48 to a greenback in opposition to the final shut of 81.42. It moved in a spread of 81.48 to 81.68 in morning offers.

At the interbank overseas alternate, the rupee was buying and selling at 81.68 to a greenback at 0925 hrs.

Forex sellers mentioned foreign exchange outflows from capital markets are weighing on the native unit. Firm crude oil costs are additionally hitting the rupee sentiment, they added.

The Brent crude, the worldwide oil worth benchmark, rose 0.02 per cent to USD 88.21 per barrel in Asian commerce on expectations of demand revival from China.

The US greenback index, which exhibits the power of the dollar in opposition to six world currencies, was down 0.17 per cent at 101.96.

Foreign Institutional Investors (FIIs) have been web sellers within the capital market on Monday as they offered shares price Rs 219.87 crore, based on alternate information.

Foreign buyers pulled out a web quantity of Rs 15,236 crore this month to this point on engaging Chinese markets and issues concerning the US economic system coming into a recession. 

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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