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economy | Rupee down 47 paise at 81.80 per dollar

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Mumbai: The rupee on Monday declined by 47 paise to close at 81.80 (provisional) against the American currency at the Interbank Foreign Exchange market due to a weak trend in the domestic market and rise in crude oil prices. Marketmen said that weakening of the dollar in overseas markets put some pressure on the rupee’s fall.

The rupee opened at 81.26 at the Interbank Foreign Exchange market. The rupee later erased early gains and ended the day at 81.80 against the US dollar, down 47 paise. The rupee touched a high of 81.25 and a low of 81.82 during the day. In the previous trading session, the rupee had declined by seven paise to close at 81.33 per dollar.

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Meanwhile, the dollar index, which shows the strength or weakness of the dollar against a basket of six major world currencies, declined 0.10 per cent to 104.44. Global oil benchmark Brent crude futures rose 1.82 per cent to $87.13 a barrel. BSE’s 30-share Sensex closed 33.9 points down at 62,834.60 points. Foreign institutional investors (FIIs) remained net buyers in the capital market and bought shares worth Rs 214.76 crore on Friday, according to stock market data. (agency)

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