Premium

Rupee falls 10 paise to close at 82.16 against US dollar tracking weak domestic equities

Traders said fall in crude oil price and weaker dollar against major currencies, however, restricted the fall of the Indian currency.

At the interbank foreign exchange market, the rupee opened stronger at 81.78 against the American currency and touched a low of 82.20 during intra-day. (File image)

Listen to this article

Rupee falls 10 paise to close at 82.16 against US dollar tracking weak domestic equities

00:00

1x 1.5x 1.8x

The rupee pared its initial gains to settle 10 paise down at 82.16 (provisional) against the US dollar on Monday, tracking the weak sentiment in the domestic equity market and unabated foreign fund outflow.

Traders said fall in crude oil price and weaker dollar against major currencies, however, restricted the fall of the Indian currency.

At the interbank foreign exchange market, the local unit opened stronger at 81.78 against the American currency and touched a low of 82.20 during intra-day. It settled at 82.16 (provisional) against the greenback, registering a loss of 10 paise over its previous close of 82.06.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.37 per cent to 104.19.

Global oil benchmark Brent crude futures declined 1.72 per cent to USD 81.36 per barrel.

On the domestic equity market front, the 30-share BSE Sensex declined 897.28 points or 1.52 per cent to end at 58,237.85, while the broader NSE Nifty fell 258.60 points or 1.49 per cent to 17,154.30.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday as they offloaded shares worth Rs 2,061.47 crore, according to exchange data.