Early trade sees a 66-paise decline in Rupee to 81.57/$

16 Nov 2022 , 11:41 AM

Early on Wednesday, the rupee lost 66 paise to reach 81.57 against the US dollar, following the foreign exchange market’s strength for the US dollar and a flat domestic equity market. The domestic unit began trading at 81.41 versus the dollar on the interbank foreign exchange but lost ground and dropped to 81.57, losing 66 paise from its previous finish.

The rupee gained 37 paise on Tuesday to end the day at 80.91 against the US dollar. The dollar index, which measures the dollar’s strength against a basket of six different currencies, increased 0.17 % to 106.58. The benchmark for world oil, Brent crude futures, decreased 0.36 % to USD 93.52 a barrel.

The 30-share BSE Sensex, which measures the performance of domestic equities, was down 72.09 points, or 0.12%, at 61,800.90, and the larger NSE Nifty was down 24.60 points, or 0.13 %, at 18,378.80.

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