Rupee falls 38 paise to 81.78 against US dollar | Business News,The Indian Express

Surging crude prices in the international market impacted the domestic unit, traders said.

Besides, surging crude prices in the international market impacted the domestic unit, traders said.

At the interbank foreign exchange, the local currency opened weak at 81.65 against the dollar, then lost further ground to quote at 81.78, registering a loss of 38 paise over its previous close.

The rupee settled 33 paise higher at 81.40 against the dollar on Friday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.04 per cent to 112.08.

Brent crude futures, the global oil benchmark, surged 2.77 per cent to USD 87.50 per barrel.

https://indianexpress.com/article/business/rupee-falls-paise-us-dollar-8186852/

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