Mumbai The rupee depreciated 14 paise to 82.76 against the US dollar in early trade. The strengthening of the dollar against other major world currencies influenced investor sentiment.
The rupee depreciated 14 paise to 82.76 in early trade at the Interbank Foreign Exchange market. Earlier on Thursday, the rupee had closed at 82.62 against the dollar. Sriram Iyer, senior research analyst at Reliance Securities, said the rupee weakened against the US dollar in early trade on Friday morning and a weak yuan in China weighed on investor sentiment. Had an impact.
The dollar index, which reflects the US dollar’s position against six major world currencies, was up 0.83 percent at $ 76.49 a barrel. Meanwhile, Brent crude futures were down 0.83 percent at $ 76.49 a barrel. According to stock market data Foreign institutional investors bought shares worth a net Rs 970.18 crore on Thursday.