Rupee loses 10 paise to end Tuesday at 82.40/$

19 Oct 2022 , 10:04 AM

On Tuesday, the rupee gave up some of its early gains to settle 10 paise lower at 82.40 against the US dollar. The local currency’s opening price on the interbank forex market was 82.21 against the US dollar. During the session, it experienced an intraday high of 82.02 and a low of 82.40 vs the US dollar. With the US dollar, it ultimately closed at 82.40, down 10 paise from its previous closing of 82.30.

The dollar index, which assesses the strength of the dollar in relation to a basket of six different currencies, increased by 0.18 % to 112.24. The benchmark for world oil, Brent crude futures, decreased 0.27 % to USD 91.37 a barrel. Better-than-expected data might help the dollar, Somaiya said, adding that “we expect the USDINR(Spot) to quote in the area of 82.20 and 82.80.” The US industrial production report will be the main focus.

The BSE Sensex closed 549.62 points or 0.94 % higher at 58,960.60 points on the domestic equities market, while the larger NSE Nifty advanced 175.15 points or 1.01 % to 17,486.95. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs153.40 crore on Tuesday, making them net sellers in the capital markets.

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