Rupee slips 4 paise to 82.24 against firm dollar in early trade

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the rupee It fell by 4 pounds to 82.24 against the US dollar in early trading on Friday amid the dollar’s strength in foreign markets and losses in local stocks.

In the interbank foreign exchange market, the local unit opened 12 pounds lower at 82.32 as the US dollar rebounded against global currencies in early Asian trade.

The rupee pared some losses to trade at 82.24, posting a loss of 4 pounds from the previous close at 82.20 on Thursday.

Traders said that the strength of the US dollar and losses in local stocks affected the local unity.

dollar index

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.06 percent, at 102.63.

Crude oil Prices fell in early Asian trade on reports that the US is likely to delay restocking its strategic reserves despite the current low prices.

Brent crude fell 0.16 percent to $75.79 a barrel.

standard BSE Sensex The broader fell by 63.71 points, or 0.11 percent, to 57,861.57 points. elegant NSE shares fell 51.25 points, or 0.3 percent, to 17,025.65 points in early trading.

foreign portfolio investors (FPIs) turned into net sellers on Thursday as they sold shares worth Rs 995 crore, according to exchange data.