The rupee weakened against the dollar on Thursday, 3 August. The rupee today fell 6 paise to close at 82.73 (provisionally) against the dollar. This fall in the rupee is due to weak domestic capital and strong dollar in overseas markets. Forex traders said continued outflow of capital from abroad and higher crude oil prices were weighing on investor sentiment.
On Thursday, August 3, the rupee closed weak against the dollar. Today, the rupee declined 6 paise to close at 82.73 (provisional) against the dollar.
This fall in rupee is due to weak stock market and strong dollar in foreign market. Forex traders said continued foreign fund outflows and firmer crude prices further weighed on the sentiments.
Rupee opened strong
At the Interbank Foreign Exchange, the rupee today opened at 82.71 against the dollar and ended the day at 82.73 (provisional), showing a decline of 6 paise over its previous close.
The rupee touched a high of 82.66 and touched a low of 82.81 during the session. The rupee had closed at 82.67 against the dollar on Wednesday.
Anuj Chowdhary, research analyst at Sharekhan by BNP Paribas said that
Dollar index strengthened
The dollar index, which gauges the strength of the dollar against 6 currencies, rose 0.13 percent to 102.68. Global oil benchmark Brent crude futures fell 0.23 per cent to USD 83.01 per barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday as they sold shares worth Rs 1,877.84 crore, according to exchange data.
