Wednesday, December 7, 2022
HomeWorldRupee loses 11 paise against US dollar in early trade

Rupee loses 11 paise against US dollar in early trade

News Desk | The Indian rupee fell 11 paise to 73.72 in opposition to the greenback in early commerce on Wednesday because of the strengthening of the US greenback in abroad markets.

Foreign exchange merchants stated a optimistic development within the home fairness markets and steady influx of overseas funds supported the rupee, however an increase in crude oil costs and a firming US greenback index led to a fall within the Indian forex.

Within the interbank overseas alternate market, the rupee opened at 73.70 in opposition to the greenback, after which declined by 11 paise to 73.72 from the earlier closing value. The rupee had closed at 73.61 in opposition to the US greenback on Tuesday. In the meantime, the greenback index, reflecting the US greenback’s place in opposition to the six main currencies, rose 0.08 per cent to 93.27.

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