MUMBAI, Jul. 26, 2023 (TBINN)
Rupee depreciated 7 paise to 81.95 against United States’ dollar in early trade today, tracking elevated level of the American currency against major rivals overseas as well as higher crude price.
Crude oil prices hovering above U.S.D. 83 per barrel and cautious move by investors ahead of the U.S. Federal Reserve’s interest rate decision later in the day weighed on the domestic unit, even as robust sentiment in the domestic market capped the fall, forex traders said.
At the interbank foreign exchange, domestic unit opened at 81.89. It touched peak of 81.87 and hit the lowest level of 81.96 before trading at 81.95 against the Greenback, registering a fall of 7 paise from its previous close.
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