Trump tariff impact: Rupee falls 3 paise to close at 84.32 against US dollar

Traders are besides awaiting the Federal Open Market Committee (FOMC) minutes of the November 7 gathering for further cues.

At the interbank overseas exchange, the rupee opened astatine 84.27 and touched an intra-day precocious of 84.22 and debased of 84.35 against the greenback.

The portion ended the league astatine 84.32 (provisional) against the dollar, registering a autumn of 3 paise implicit its erstwhile close.

On Monday, the rupee appreciated 12 paise to adjacent astatine 84.29 against US dollar.

“Traders look guardant to the FOMC minutes of the November 7 gathering to beryllium released aboriginal tonight. The USD-INR brace whitethorn proceed to commercialized successful the 84-84.50 successful the abbreviated term. Interim enactment is astatine 84.11,” said Praveen Singh – subordinate V-P, cardinal currencies and commodities, Sharekhan by BNP Paribas.

Meanwhile, the dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was trading higher by 0.06 per cent astatine 106.87.

Brent crude, the planetary lipid benchmark, roseate 0.79 per cent to $73.59 per tube successful futures trade.

The wide spot of the American currency and elevated crude lipid prices are apt to strain India’s commercialized balance, creating challenges for the rupee, forex traders said.

In the home equity market, the 30-share BSE Sensex fell 105.79 points, oregon 0.13 per cent, to adjacent astatine 80,004.06 points, portion the Nifty 50 fell 27.40 points, oregon 0.11 per cent, to settee astatine 24,194.50 points.

Foreign organization investors (FIIs) turned nett buyers successful the superior markets connected Monday, purchasing shares worthy Rs 9,947.5 crore, according to speech data.