Rupee falls 6 paise to 83.75 against US dollar during early trade

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Rupee falls 6 paise to 83.75 against US dollar during early trade - Business Standard

Quick Summary:

Forex traders said an upward movement in crude oil prices and a strong greenback against major overseas rivals due to its increased demand from importers at the month end put pressure on the local unit.

At the interbank foreign exchange, the local unit opened at 83.72 and slipped further to 83.75 against the American currency, registering a loss of 6 paise from its previous close.

Rupee depreciated 6 paise to 83.75 against the US dollar in early trade on Monday amid negative equity market sentiment and outflow of foreign funds.