Rupee falls 31 paise to 82.23 against US dollar
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Mumbai, July 28
The rupee plunged 31 paise to 82.23 against the US dollar in early trade on Friday amid massive outflow of foreign funds and subdued equity markets.
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Elevated level of crude prices nearing USD 84 a barrel also weighed on the domestic unit even as the American currency gained strength on the back of better-than-expected GDP numbers from the US, forex traders said.
At the interbank foreign exchange, the domestic unit opened weak at 82.30, then touched a high of 82.19 against the American currency. It later traded at 82.23, registering a fall of 31 paise over its previous close.
On Thursday, the rupee had settled at 81.92 against the dollar.
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Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell marginally by 0.02 per cent to 101.76.
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