Rupee falls 7 paise to 82.16 against US dollar

The rupee fell for the second consecutive session, by 7 pounds to reach 82.16 against the US dollar on Friday, as the strength of the dollar abroad affected investor sentiment.

However, traders said the positive trend in domestic stocks and the relentless inflow of foreign funds softened the decline.

They added that investors were cautious ahead of inflation data due later in the day.

In the interbank foreign exchange market, the local unit opened weakly at 82.11 against the US currency and closed at 82.16 (temporary), recording a decrease of 7 pounds from its previous close.

During the session, the rupee touched an intraday high of 82.09 and a low of 82.23 against the dollar.

On Thursday, the rupee was closed At a price of 82.09 against the American currency.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.03 percent to 101.90.

Brent crude oil, the global benchmark Crude oil futures fell 0.07 percent, to $74.93 a barrel.

On the domestic stock market front, acquired BSE Sensex 123.38 points, or 0.20 percent, to close at 62,027.90, and the NSE Nifty closed 17.80 points, or 0.10 percent, at 18,314.80 points.

Foreign institutional investors (FIIs) were net buyers in the capital market on Thursday buying shares worth ₹837.21 crore, according to exchange data.