Mumbai: The Indian rupee fell against the US dollar in early trade on Thursday. The Indian currency was weighed down by a muted trend in domestic equities and strength of the American currency in the overseas markets.
At the interbank foreign exchange, the Indian rupee opened at 84.45 and moved in a tight range and touched 84.47 against the US dollar, registering a fall of 7 paise over its previous close. On Wednesday, the Indian rupee depreciated by 11 paise to close at 84.40 against the US dollar.
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Meanwhile, the dollar index, which gauges the US dollar’s strength against a basket of six currencies, was trading higher by 0.14 per cent at 106.22. Foreign Institutional Investors (FIIs) infused Rs 7.78 crore in the Indian capital markets on a net basis on Wednesday.
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