Rupee falls 6 paise to 82.24 against US dollar

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the rupee Its price fell 6 pounds to 82.24 against the US dollar in early trading on Monday, affected by the strength of the US currency in foreign markets.

Forex traders said that the rupee is trading in a narrow range as the strength of the US currency has been negated by the strong trend in domestic stocks and falling crude oil prices.

In the interbank foreign exchange market, the local unit opened weakly at 82.22 against the dollar, then fell to 82.24, recording a decrease of 6 pounds from its last close.

On Friday, the rupee settled at 82.18 against the dollar.

The dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.02 percent to 102.66.

Brent Crude FuturesThe global oil index rose 0.77 percent to $73.60 a barrel.

“Dollar Index surged to 102.71 levels, while Brent Crude fell to $73.80 per barrel as risk aversion was the name of the game,” said Anil Kumar Bhansali, Head of Treasury Adviser at Fenrix Treasury LLP.

Bhansali further said that investors are now awaiting inflation, trade deficit, labor price index data from India and European industrial production as well as US Empire State MFG data for further clues.

In the domestic stock market, 30 shares BSE Sensex He was trading at 140.28 points, an increase of 0.23 percent at 62168.18 points. the widest NSE Nifty It advanced 25.25 points, or 0.14 percent, to 18,340.05 points.

Foreign Institutional Investors (FIIs) They were net buyers in the capital markets on Friday buying shares worth Rs 1,014.06 crore, according to exchange data.