Rupee falls 2 paise to close at 83.04 against US dollar
Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.
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Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.
On Feb 13, the local unit depreciated 8 paise to close at 83.08 against the American currency
At the interbank foreign exchange, the local unit hit an intra-day high of 83.02 and a low of 83.12
US stock futures climbed in premarket trading on Wednesday as investors collected themselves following a stubborn inflation reading for January.
Forex traders said a negative trend in domestic equities and foreign fund inflows weighed on investor sentiments