As USD Retreats, Rupee Rises 11 Paise To 82.68

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As USD retreats, rupee rises 11 paise to 82.68

As USD retreats, rupee rises 11 paise to 82.68

Rediff.com28 Feb 2023

The rupee gained 11 paise to 82.68 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on the local unit and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.69 against the dollar and marginally rose to 82.68, registering a rise of 11 paise over its previous close amid a positive trend in domestic equities.