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economy | Rupee depreciates by 9 paise at 81.35 per dollar

Rupee strengthens by 17 paise against US dollar in early trade

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Mumbai: The rupee on Friday declined by 9 paise to close at 81.35 (provisional) against the American currency at the Interbank Foreign Exchange market due to fall in local markets and rise in crude oil prices despite a weakening dollar. Marketmen said increased foreign fund outflows also influenced investor sentiment.

The rupee opened at 81.11 at the Interbank Foreign Exchange market. The rupee pared gains during the day and ended the day at 81.35 against the US dollar, down by nine paise. The rupee touched a high of 81.08 and a low of 81.35 during the day. In the previous session, the rupee had gained 4 paise to close at 81.26 per dollar.

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Meanwhile, the dollar index, which shows the strength or weakness of the dollar against six major world currencies, declined by 0.18 per cent to 104.53. Global oil benchmark Brent crude futures rose 0.17 per cent to $87.03 a barrel.

BSE’s 30-share Sensex declined 415.69 points to close at 62,868.50 points. Foreign institutional investors (FIIs) were net sellers in the capital market and sold shares worth Rs 1,565.93 crore on Thursday, according to stock market data. (agency)

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