Rupee falls four paise to settle at 83.70 against U.S. dollar

On September 26, the Rupee declined 8 paise to settee astatine 83.66 against the American currency. File | Photo Credit: The Hindu

The Rupee declined 4 paise to settee astatine 83.70 (provisional) against the U.S. dollar connected Friday (September 27, 2024) amid subdued home equity markets and accrued month-end request for the American currency.

“However, sliding crude prices successful the planetary marketplace and renewed overseas money inflows supported the section portion and restricted the fall,” forex dealers said.

At the interbank overseas exchange, the section portion opened astatine 83.64 and moved betwixt the precocious of 83.62 and the debased of 83.71 during the session. The section portion yet settled astatine 83.70 (provisional) against the dollar, registering a nonaccomplishment of 4 paise from its erstwhile close.

On Thursday (September 26, 2024), the Rupee declined 8 paise to settee astatine 83.66 against the American currency. Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, roseate 0.06% to 100.30.

Analysts said the marketplace participants were awaiting cues from the idiosyncratic depletion expenditure information to beryllium released successful the U.S. connected Friday (September 27, 2024.) Brent crude, the planetary benchmark, fell 0.03% to 71.58 successful futures trade.

On the home equity markets front, the Sensex fell 264.27 points oregon 0.31% to settee astatine 85,571.85, portion the Nifty declined 37.10 points oregon 0.14% to 26,178.95.

Foreign Institutional Investors (FIIs) were nett buyers successful the superior markets connected Thursday, purchasing shares worthy ₹629.96 crore, according to speech data.

Published - September 27, 2024 04:53 p.m. IST