Rupee falls 6 paise to 82.01 against US dollar

the rupee Its price fell 6 pounds to 82.01 against the US dollar in early trading on Wednesday, affected by foreign money outflows and the negative trend in local stocks.

In the interbank foreign exchange market, the local unit opened weakly at 82.00 against the dollar, then fell to 82.01, recording a decrease of 6 pounds from its last close.

Tuesday, Rupee settled At 81.95 against the dollar.

The dollar index fell 0.04 percent to 101.82.

Brent crude futures, the global oil benchmark, advanced 0.37 percent to $81.07 a barrel.

Undercurrents of chaos mounting on global front Amidst geopolitical concerns and the sudden change in the on and off mode the risk is not healthy for the currency.

“However, in the near term, the pair has been compressed between 81.80-82.20, and a push above 82.20 is required to push the pair towards 82.50-82.80 levels,” said Amit Babari CR Forex Advisors MD Amit Babari.

In the local stock marketAnd BSE Sensex traded 157.29 points, or 0.26 percent, at 59,973.42 points. NSE Nifty shares fell by 50.30 points, or 0.28 percent, to 17,718.95 points.

Foreign institutional investors (FIIs) were net sellers in the capital markets on Tuesday as they unloaded shares worth ₹407.35 crore, according to exchange data.