Mumbai: The Indian rupee fell against the US dollar in early trade on Wednesday. As per market experts, sustained outflow of foreign funds, volatile crude oil prices and a stronger American currency against major overseas rivals weighed upon the Indian currency. But,
At the interbank foreign exchange, the domestic currency opened at 83.21 and slipped further to 83.23 against the US dollar, registering a loss of 4 paise from its previous close. On Tuesday, the domestic currency settled at 83.19 against the dollar.
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Meanwhile, the dollar index, which gauges the US dollar’s strength against a basket of six currencies, was trading 0.07% higher at 101.17. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 95.20 crore on Tuesday.
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