MUMBAU, Jul. 28, 2023 (TBINN)
Indian Rupee plunged 31 paise to 82.23 against United States’ Dollar in early trade today amid massive outflow of foreign funds and subdued equity markets.
Elevated level of crude prices nearing U.S.D. 84 a barrel also weighed on the domestic unit even as American currency gained strength on the back of better-than-expected G.D.P. numbers from the U.S., forex traders said.
At the interbank foreign exchange, domestic unit opened weak at 82.30, then touched a high of 82.19 against the American currency. It later traded at 82.23, registering a fall of 31 paise over its previous close.
Add Comment