Mumbai: The rupee depreciated 13 paise to 81.82 in opposition to the US greenback in early commerce on Wednesday. The rupee opened weak at 81.80 in opposition to the greenback on the interbank foreign exchange market, after which settled at 81.82, down 13 paise over its earlier shut. The rupee had closed at 81.69 in opposition to the US greenback on Tuesday.
In the meantime, the greenback index, which reveals the greenback’s place in opposition to a basket of six main currencies, rose 0.49 per cent to 102.88. International oil benchmark Brent crude futures have been up 0.65 per cent at $86.48 a barrel. Merchants stated market contributors have been cautious forward of the Financial institution of Japan’s coverage assertion. The Financial institution of Japan has been essentially the most accommodative central financial institution ever and has used all types of unorthodox means to maintain its coverage extraordinarily accommodative.
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