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On Friday, the rupee lost 10 paise to end the day at 82.74 against the US dollar as weak investor sentiment and the strength of the US dollar in foreign exchange markets combined. At the interbank foreign exchange market, the rupee opened at 82.67 against the greenback and finally settled for the day at 82.74 (provisional), registering a fall of 10 paise over its previous close of 82.64.
The rupee appreciated 19 paise to close at 82.51 against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. The rupee was also bolstered by a rise in domestic equity markets and a drop in the value of the dollar relative to major foreign currencies, according to currency traders.
Rupee falls 26 paise to 81.68 against dollar in early trade
Russia intensifies offensive in Donbas.
The rupee started the year 2022 on a muted note as it slipped 14 paise to 74.43 against the US dollar in opening trade on Monday, tracking weak macroeconomic data.