Indian rupee falls 12 paise against UAE dirham in early trade

Forex traders said foreign fund outflows and elevated crude oil prices in the international market also dented investors' sentiments

Staff Writer, Khaleej Times

March 15, 2024

PHOTO

The rupee depreciated 12 paise to 82.96 against the US dollar (23.04 UAE dirhams) in early trade on Friday, weighed down by a strong American currency and a negative trend in domestic equities.

Forex traders said foreign fund outflows and elevated crude oil prices in the international market also dented investors' sentiments.

According to interbank foreign exchange, the rupee opened at 82.95 against the dollar and touched a low of 82.96 in the initial trade, registering a fall of 12 paise over its previous close.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.