Rupee lost 14 paise to end the day at 82.35/ $, on Wednesday

13 Oct 2022 , 09:37 AM

On Wednesday, the rupee lost 14 paise to end the day at 82.35 (provisional) versus the US dollar as a result of the US dollar’s strengthening and persistent outflows of foreign funds from equity markets. In addition, the local unit suffered from investor risk aversion.

The local currency in the interbank foreign exchange market started at 82.32 before declining further to conclude at 82.35 versus the US dollar, a decrease of 14 paise from its previous level. The local unit saw an intraday high of 82.15 and a low of 82.37 versus the US dollar during the day.

The rupee recovered from its record low on Tuesday, closing 19 paisas higher at 82.21 versus the US dollar. The dollar index, which measures how strong the dollar is relative to a basket of six different currencies, fell 0.01 % to 113.21.

The price of a barrel of benchmark Brent crude increased by 0.39 % to USD 94.66. The 30-share BSE Sensex increased 478.59 points or 0.84 % to close at 57,625.91 on the domestic equities market, while the larger NSE Nifty increased 140.05 points or 0.82 % to close at 17,123.60. According to exchange statistics, Foreign Institutional Investors (FIIs) sold shares worth Rs4,612.67 crore on Tuesday, making them net sellers in the capital markets.

For feedback and suggestions, write to us at [e-mail]