Rupee loses 24 paise to 82.09 / $, in early trading

Early on Tuesday, the rupee lost 24 paise to 82.09 against the US dollar. This happened due to selling pressure in domestic equities and rising crude prices abroad that influenced investor sentiment. At the interbank foreign exchange, the local unit started weakly versus the dollar at 81.94, then declined further to 82.09, losing 24 paise from its previous close.

The rupee decreased in value versus the dollar by 52 paise during the previous session on Monday, reaching 81.85.  Meanwhile, the dollar index, which measures the dollar’s strength against a basket of six different currencies, decreased by 0.07% to 105.22.

Domestic equity market: The 30-share BSE Sensex was down 353.44 points, or 0.56 %, at 62,481.16 on the domestic equity market. The NSE Nifty index dropped 99.30 points or 0.53 % to 18,601.75.

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