Early today, after the local unit of the interbank foreign exchange opened weak at 82.67 against the dollar, the Indian rupee lost 9 paise to trade at 82.73 against the US dollar.
Yesterday, the rupee’s closing price versus the US dollar was 82.64. Forex traders claimed that ongoing withdrawals of foreign funds severely damaged investor confidence in the nation.
According to Indian media sources, the dollar index, which measures the value of the dollar against a basket of six different currencies, decreased by 0.04 percent to 104.55 while brent crude futures rose by 0.81 percent to $82.88 per barrel.
