Rupee falls 10 paise to 82.35 against US dollar in early trade

the rupee Its price fell by 10 cents to 82.35 against the US dollar in early trading on Wednesday, affected by the strength of the US currency in foreign markets and the negative trend in local stocks.

In the interbank foreign exchange market, the local unit opened at 82.29 against the dollar, then fell to 82.35, recording a decrease of 10 pounds from its last close.

On Tuesday, Rs It settled at 82.25 against the dollar.

The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.04 percent to 102.60.

Brent crude futures, the global oil benchmark, advanced 0.11 percent to $74.99 a barrel.

“Risk-off sentiment could lead to increased demand for US dollars or if Houses can break the deal, then as the odds of continued US growth increase, the US dollar will rise and other emerging market currencies will weaken,” Babari said.

However, a large number of foreign direct investment (foreign direct investment) Flows can restrict the intensity of consumption. Moreover, the RBI can keep a close eye on rates and volatility, Babari added.

In the domestic stock market, 30 shares BSE Sensex was trading down 110.89 points, or 0.18 percent at 61,821.58. The broader NSE Nifty index fell 26.45 points, or 0.14 percent, to 18,260.05 points.

Foreign Institutional Investors (FIIs) They were net buyers in the capital markets on Tuesday buying shares worth Rs 1,406.86 crore, according to exchange data.