The rupee is weakening against the dollar.
New Delhi:
Rupee vs Dollar: The rupee fell by nine paise to hit a new all-time low of 83.22 (provisional) against the US dollar in the interbank foreign exchange market on Thursday. The rise in crude oil prices and the strength of the US currency weighed on the rupee sentiment. Forex dealers said the rupee remained under pressure despite a positive trend in domestic equity markets.
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The rupee opened at 83.15 in the interbank foreign exchange market and finally settled at 83.22 per dollar (provisional), down nine paise from its previous close, after moving in a range of 83.12 to 83.22 during the day’s trade.
The rupee has weakened by 60 paise against the dollar since Monday, when it fell nine paise to close at 82.71. On Tuesday, the rupee lost 33 paise, its highest this week.
Meanwhile, the dollar index, which measures the US dollar’s position against six major currencies, edged up 0.09 percent to 104.95. Global oil standard Brent crude futures were trading down 0.39 percent at $90.25 a barrel.
According to stock market data, foreign institutional investors on Wednesday invested Rs. 3,245.86 crore worth of shares were sold.