Share Market: Rupee falls 42 paise to 82.50 per dollar in early trade


MUMBAI: The rupee depreciated 42 paise to 82.50 in opposition to the US greenback in early commerce on Monday amid a strengthening American forex and a bearish development in home equities. Foreign exchange sellers stated sustained overseas fund outflows and firming crude oil costs additionally weighed on the rupee sentiment.

The rupee fell to a low of 82.50 in opposition to the US greenback after opening weak at 82.35 in opposition to the US greenback on the interbank foreign exchange market. This can be a decline of 42 paise over its earlier closing degree. Within the earlier buying and selling session, the rupee had closed at 82.08 per greenback on Friday. In the meantime, the greenback index, which gauges the power or weak spot of the greenback in opposition to six main currencies, gained 0.17 per cent to 103.09.

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