The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on February 24, 2023.
| Photo Credit: The Hindu
The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on Friday, weighed down by the power of the American forex in the abroad market.
Sustained overseas fund outflows additional dented investor sentiments, in accordance to foreign exchange merchants.
At the interbank overseas change, the home unit opened weak at 82.67 against the dollar, then fell to 82.73, registering a decline of 9 paise over its final shut.
On Thursday, the rupee settled at 82.64 against the U.S. dollar.
The dollar index, which gauges the dollar’s power against a basket of six currencies, fell 0.04% to 104.55.
Brent crude futures, the worldwide oil benchmark, superior 0.81% to $82.88 per barrel.
In the home fairness market, the 30-share BSE Sensex was buying and selling 83.96 factors or 0.14% greater at 59,689.76 factors. The broader NSE Nifty superior 19.25 factors or 0.11% to 17,530.50 factors.
Foreign Institutional Investors (FIIs) had been web sellers in the capital markets on Thursday as they offloaded shares price ₹1,417.24 crore, in accordance to change knowledge.
