HomeEconomicsRupee dips below 83 against the US dollar for the first time

Rupee dips below 83 against the US dollar for the first time

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  • The rupee fell 61 paise to below 83 against the dollar on Wednesday, continuing its downward trend, due to unabated foreign capital outflows and a strong dollar amid costlier crude oil in international markets and risk-averse investor sentiment.
  • The rupee opened strong at 82.32 against the US dollar in the interbank foreign exchange market, but later pared gains to settle at an all-time low of 83.01 (provisional) against the greenback, down 61 paise from its previous close.
  • The rupee fell 10 paise against the dollar in the previous session on Tuesday, finishing at 82.40.

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