Rupee
| March 19, 2024, 5:20 a.m.
Rupee Declines 5 Paise to 82.95 Against US Dollar Amid Firm Crude Oil Prices and Foreign Fund Outflows
The Indian rupee depreciated by 5 paise against the US dollar, reaching 82.95, attributed to firm crude oil prices and foreign fund outflows. Opening at 82.94, the rupee experienced a tight range of 82.93 to 82.95 in early trading. Factors including a stronger US dollar, firm bond yields ahead of the US Fed interest rate decision, and Brent crude trading above $86 per barrel contributed to the rupee's decline. Additionally, losses in local stocks and foreign institutional investors offloading equities worth ₹2,051.09 crore added pressure on the rupee.
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