Rupee falls 4 paise to 82.83 against US dollar in early trade

The rupee depreciated 4 paise to close at 82.83 against the US dollar in early trade on Wednesday, weighed down by a dull trend in domestic equities. Forex traders said, however, that fresh foreign fund inflows and a weaker American currency against key rivals limited losses in the domestic unit.

At the interbank foreign exchange, the domestic unit opened flat at 82.79 against the dollar. Later, it closed at 82.83, registering a decline of 4 paise over its previous closing price.

The rupee had closed at 82.79 against the dollar in the previous session on Tuesday.

Meanwhile, the dollar index, which gauges the dollar’s strength against a basket of six major currencies, fell 0.09 per cent to 104.01.

Global oil benchmark Brent crude futures rose marginally by 0.06 per cent to $83.10 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 279.41 points or 0.46 per cent lower at 60,393.31. The broader NSE Nifty fell 86.55 points, or 0.49 per cent, to 17,740.15.

Foreign institutional investors (FIIs) emerged as net buyers in the capital market on Tuesday buying shares worth Rs 525.80 crore, according to exchange data.

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