Rupee falls 3 paise to 82.70 against US dollar

Updated: May 31 2023 9:59AM

Rupee falls 3 paise to 82.70 against US dollar

Mumbai, May 31 (PTI) The rupee depreciated by 3 paise to 82.70 against the US dollar in early trade on Wednesday, tracking a strong American currency against major rivals overseas and subdued sentiments in domestic as well as global equities markets.

Forex traders said the crude oil trading below USD 75 per barrel and inflows of foreign funds failed to support the Indian currency.

The dollar was trading at an elevated level of 104 as positive development on the US debt ceiling bill boosted investors' sentiment. However, participants were also concerned over the payroll data to be released on Friday.

Press Trust Of India (PTI) is India's premier news agency, with a reach as vast as the Indian Railways'. It employs nearly 400 journalists and 500 stringers to cover almost every city and small town in India. Collectively, our journalists put out more than 1,000 stories and 250 photographs including graphics every day to feed the appetite of the diverse subscribers, who include the mainstream media, the specialized presses, research groups, companies, and government and non-governmental organizations.

General Access

Add On Customer Packages

The Press Trust Of India Ltd.

PTI building 4, Parliament Street, New Delhi-110 001

© PTI 2021, All Right Reserved

Designed by: 4c Plus