Rupee falls 10 paise to 82.75 against US dollar in early trade

The value of the rupee fell by 10 pounds to 82.75 against the US dollar in early trading on Thursday amid negative trends in the local and global stock markets and the continued inflow of foreign funds.

In the interbank foreign exchange market, the domestic unit opened lower at 82.77 against the US dollar and was trading in a range of 82.80 and 82.71. Later, the domestic unit traded at 82.75 per dollar, marking a decrease of 10 pounds.

On Wednesday, the rupee settled at 82.65 against the US dollar. Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.10 percent at 104.54.

Brent crude futures rose 0.61 percent to $74.14 a barrel. BSE Sensex, which includes 30 shares, was trading down 116.67 points, or 0.20 percent, at 57,439.23 points, while the broader NSE Nifty index fell 34 points, or 0.2 percent, at 16,938.15 points.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they unloaded shares worth Rs 1,271.25 crore, according to exchange data.

Analysts said Two banks failed in the United States And Crisis in the major Swiss banks Credit Suisse It negatively affected market sentiment. Domestically, India’s exports shrank in February for the third month in a row, falling by 8.8 percent to $33.88 billion, compared to $37.15 billion in the same month last year.