India News | Rupee Falls 2 Paise to All-time Low of 83.36 Against US Dollar in Early Trade

Mumbai, Nov 24 (PTI) The rupee depreciated 2 paise and fell to its all-time low of 83.36 against the US dollar in the morning session on Friday, tracking a negative trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 83.33 against the dollar. It touched a low of 83.36 in initial deals, registering a fall of 2 paise over its previous close.

Also Read | UP Shocker: Five Men Attempted to Strip Minor Girl, Attacked Her Brother on Head With Iron Bar After Barging Into Their House in Pilibhit; Booked.

On Thursday, the rupee settled at 83.34 against the American currency.

Asian shares were dragged lower by China on Friday amidst little guidance from Wall Street which was closed for the Thanksgiving holiday, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Also Read | Ghaziabad Shocker: Man Kills Friend for Disapproving His Love Affair With Latter's Niece, Held.

"Rupee opened flat as the market continues to grapple with US dollar buyers on one side and the Reserve Bank of India sitting on other side. Trading will be also range-bound and with lower volumes as cash inflows would be absent due to Thanksgiving holiday on Thursday," Bhansali added.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.12 per cent at 103.79.

Global oil benchmark Brent crude futures declined 0.06 per cent to USD 81.37 per barrel.

On the domestic equity market front, the BSE Sensex was trading 40.84 points or 0.06 per cent lower at 65,976.97, while the broader NSE Nifty fell 2.75 points or 0.01 per cent to 19,799.25.

Foreign institutional investors were net buyers in the capital market on Thursday as they purchased shares worth Rs 255.53 crore, according to exchange data.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)