Early trading sees the rupee losing 27 paisa to the US dollar

3 Aug 2022 , 12:04 PM

Following a flat trend in local stocks, the rupee lost 27 paise to begin at 78.80 versus the US dollar on Wednesday. The rupee depreciated by 27 paise over the previous closing at the interbank foreign exchange, starting the day at 78.70 versus the US dollar and ending the day at 78.80.

The rupee increased by 53 paise on Tuesday, the greatest one-day rise in more than 11 months, to close at a more than one-month high of 78.53 versus the US dollar. The dollar index, which measures how strong the dollar is relative to a basket of six different currencies, decreased 0.07 % to 106.16. Benchmark Brent crude futures for the world’s oil market fell 0.42 % to USD 100.12 a barrel.

The 30-share Sensex was down 86.44 points, or 0.15 %, to 58,049.92 points on the domestic equities market, while the larger NSE Nifty was down 55.10 points, or 0.32 %, to 17,290.35 points.