Rupee falls 14 paise to 82.76 against US dollar

the rupee Its value fell 14 paisa to 82.76 against the US dollar in early trading on Friday, as the weakness of its Asian counterparts and the strength of the US currency in foreign markets affected investor sentiment.

In the interbank foreign exchange market, the local unit fell to 82.76 in the initial trade, recording a decrease of 14 pounds from its last close.

On Thursday, the rupee settled at 82.62 against the dollar.

The rupee opened lower against the dollar on Friday morning as the hawkish Federal Reserve continues to support the greenback. In addition, a weaker Chinese yuan has also affected sentiment, said Sriram Iyer, senior research analyst – commodities and currencies for Reliance Securities.

However, hopes for an agreement on the debt ceiling and Reserve Bank of IndiaEyre added that their presence may limit local unit losses.

The dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.04 percent to 103.54.

Brent crude futures, the global oil benchmark, rose 0.83 percent, to $76.49 a barrel.

In the domestic stock market, 30 shares BSE Sensex It was trading at 30.31 points, down by 0.05 percent, at 61,401.43 points. the widest NSE Nifty It fell by 8.75 points, or 0.05 percent, to 18,121.20 points.

Foreign Institutional Investors (FIIs) They were net buyers in the capital markets on Thursday buying shares worth Rs 970.18 crore, according to exchange data.