Rupee falls 12 paise to 77.62 against US dollar

On Wednesday, the rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency

AgenciesUpdated: Thursday, June 02, 2022, 09:57 AM IST
article-image
At the interbank foreign exchange, the rupee opened at 77.61 against the American dollar, then lost ground to quote at 77.62, registering a fall of 12 paise from the last close. /Representative image | Photo: Pixabay

The rupee slipped 12 paise to 77.62 against the US dollar in early trade on Thursday, tracking the strength of the American currency in the overseas market.

At the interbank foreign exchange, the rupee opened at 77.61 against the American dollar, then lost ground to quote at 77.62, registering a fall of 12 paise from the last close.

On Wednesday, the rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency.

The Indian rupee opened weaker against the dollar on Thursday, weighed down by a recovery in the US dollar and strengthening bond yields, said Sriram Iyer, Senior Research Analyst at Reliance Securities.

However, a sell-off in the crude oil prices on Thursday morning could cap the depreciation bias, Iyer noted.

Global oil benchmark Brent crude futures fell 1.57 per cent to $114.46 per barrel.

(With PTI inputs)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Punjab: Gangster Lawrence Bishnoi sent to police remand till July 6

Punjab: Gangster Lawrence Bishnoi sent to police remand till July 6

Justice Ujjal Bhuyan sworn in as Chief Justice of Telangana High Court

Justice Ujjal Bhuyan sworn in as Chief Justice of Telangana High Court

Mumbai: 4-storey building collapses in Kurla, 2 dead, several people still trapped

Mumbai: 4-storey building collapses in Kurla, 2 dead, several people still trapped

Justice Satish Chandra Sharma takes oath as Chief Justice of Delhi High Court

Justice Satish Chandra Sharma takes oath as Chief Justice of Delhi High Court

Mumbai: Heavy traffic on Western Express Highway as tempo overturns

Mumbai: Heavy traffic on Western Express Highway as tempo overturns