Rupee falls 7 paise to 82.08 against US dollar

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the rupee Its price fell 7 pounds to 82.08 against the US dollar in early trading on Wednesday, affected by the strength of the US currency in foreign markets amid increased demand for the dollar from importers.

Continuous foreign money inflows supported local unity and containment of the fall.

In the interbank foreign exchange market, the local unit opened at 82.05, then fell to 82.08, recording a decrease of 7 pounds from its last close.

On Tuesday, the rupee settled at 82.01 against the dollar.

The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.08 percent to 103.12.

Brent crude futures fell 0.59 percent to $75.80 a barrel.

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“Rupee has fluctuated in the past few days with declines in US dollar buying by RBI/oil companies. Inflows continue to show strong momentum as foreign investment institutions remain in strong buying mode with respect to equities and debt,” said Anil Kumar Bhansali. Finrex Treasury Advisors LLP, President and Chief Treasury Officer.

Bhansali further noted that the FOMC meeting minutes and the Non-Farm Payrolls are the important data releases to watch.

In the domestic stock market, 30 shares BSE Sensex It was trading at 70.76 points, down 0.11 percent, at 65,408.29 points. the widest NSE Nifty refused 13.90 points, or 0.07 percent, to 19,375.10 points.

Foreign Institutional Investors (FIIs) They were net buyers in the capital markets on Tuesday buying shares worth Rs 2,134.33 crore, according to exchange data.