Indian rupee depreciates 5 paise to 83.43 against US dollar due to strong American currency and withdrawal of foreign funds.
The Indian rupee depreciated 5 paise to 83.43 against the US dollar in early trade on Monday, influenced by a strong American currency and withdrawal of foreign funds from domestic equity markets. Despite a positive sentiment in domestic equity markets and decreasing crude oil prices in international markets, the rupee weakened. The US dollar index, which measures the greenback's strength against six currencies, increased 0.05% to 105.86.
April 29, 2024
8 Articles