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Rupee drops 4 paise to 81.66 against US dollar in early trading

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  • In the first trade, the rupee also touched ₹81.51 against the US currency.
  • The dollar index, which measures the dollar’s strength against a basket of six currencies, fell 0.35 percent to 110.81.
  • The global oil benchmark Brent oil futures rose 0.13% to $93.49 a barrel.


The rupee depreciated 4 paise to 81.66 against the US dollar in early trading on Thursday amid high volatility as rising crude oil prices weighed on the local unit. On the interbank currencies, the rupee opened with a strong note at ₹81.52 against the greenback, before declining gains to 81.66, registering a 4 paise decline from the previous close.

On the first trade, the rupee also touched ₹81.51 against the US currency.

On Tuesday, the rupee appreciated 20 paise to finish at ₹81.62 against the US dollar.

The forex market was closed on Wednesday due to Dussehra.

According to Sriram Iyer, Senior Research Analyst at Reliance Effects, the rupee opened stronger and followed a decline in the dollar in the past two sessions. In addition, Asian and emerging markets were also stronger and supportive this Thursday morning.

However, stronger crude oil prices, aggressive rhetoric from Fed officials and JP Morgan’s decision to delay the inclusion of Indian bonds in the global index weighed on the local unit, Iyer added.

The dollar index, which measures the dollar’s strength against a basket of six currencies, fell 0.35 percent to 110.81.

The global oil benchmark Brent oil futures rose 0.13% to $93.49 a barrel.

On the domestic stock market front, the 30 shares BSE Sensex traded 357.3 points or 0.62% higher at 58,422.77, while the broader NSE Nifty rose 109.25 points or 0.63% to 17,383.55.

Foreign institutional investors were net buyers in the capital market on Tuesday as they bought shares worth 1,344.63 crore, according to stock market data.

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Sensex is up 334 points, handily at 91 points and tracking Asian markets gains

India Inc’s foreign commercial loans are up 4.6% in August

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