Rupee falls by 3 paise at 83.13 per dollar in early trade
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The rupee depreciated by three paise to 83.13 against the US dollar in early trade on Tuesday amid firming crude oil prices and outflow of foreign funds from domestic stock markets.
However, the fall of the rupee was limited due to slight weakening of the American currency and positive trend in the stock markets, Forex traders said.
The rupee opened flat at 83.10 per dollar in the interbank foreign exchange market. After this it reached 83.13 per dollar, which is a fall of three paise from the previous closing price. The rupee had closed at 83.10 against the US dollar on Monday.
Meanwhile, the dollar index, which gauges the dollar’s position against six major currencies, was down 0.01 per cent at 102.17. Global oil benchmark Brent crude was trading 0.17 per cent higher at $78.08 per barrel.
According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market on Monday and sold shares worth Rs 11,507.05 crore.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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