Rupee declines 9 paise to 82.74 against US dollar in early trend

Rupee vs Dollar today: The weakening of Rupee is attributed to rising crude prices worrying investor's sentiment along with foreign fund outflows further coupling the trend

The rupee on Tuesday dipped 9 paise to 82.74 against the US Dollar in early trade. The domestic currency opened at 82.71 and then slipped further registering the fall over its previous close.

Rupee vs Dollar today: Rupee opened at 82,71.

The weakening is attributed to rising crude prices worrying investor's sentiment along with foreign fund outflows further coupling the trend, PTI reported.

On Monday, the rupee gained 17 paise to close at 82.65 against the US dollar.

Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, dropped 0.19 per cent to 104.11. Brent crude futures, the global oil benchmark, moved 0.45 per cent to USD 84.30 per barrel, the report stated.

The 30-share BSE Sensex was trading 61.14 points, or 0.10 percent, higher at 60,627.56 in the domestic equity market. The NSE Nifty gained 17.90 points, or 0.1 percent, to 18,032.50.

DATE	OPENING RATE	HIGH	LOW	CLOSING RATE
DEC 26	82.79	82.63	82.83	82.65
DEC 23	82.81	82.77	82.88	82.82
DEC 22	82.78	82.64	82.79	82.76
DEC 21	82.76	82.66	82.84	82.84
DEC 20	82.69	82.69	82.88	82.70
DEC 19	82.80	82.57	82.80	82.60

According to exchange data, foreign institutional investors (FIIs) were net sellers in capital markets on Monday, selling shares worth ₹497.65 crore.

"... month-end exporter selling is likely to cap upside in USD/INR. Rupee is likely to trade in a 82.60-82.90 range with sideways price action," IFA Global Research Academy said in a research note, the report adds.