Rupee vs Dollar: INR hits all-time low, slides past 82 mark for second time in row

Rupee vs Dollar: Rupee on Friday fell 15 paise to close at an all-time low of 82.32 (provisional) against US dollar as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

Earlier, in inital trade on Friday, rupee had depreciated 16 paise to fall to an all-time low of 82.33 against the US dollar.

Forex traders stated that a negative trend in domestic equities and elevated crude oil prices sapped investor appetite, PTI reported.

The rupee opened at 82.19 against the greenback at the interbank foreign exchange, after that it registered a fall of 16 paise over its previous close and fell to 82.33.

Rupee Breached 82 Mark on Thursday

Rupee has plunged below the 82 level against the greenback for the first time on Thursday. It had fallen 55 paise to close at a record low of 82.17 against the US currency.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.19 per cent to 112.04.

Global oil benchmark Brent crude futures surged 0.82 per cent to USD 95.19 per barrel after oil cartel OPEC decided to cut production in view of weakening global demand.

On the domestic equity market front, the 30-share BSE Sensex dropped 30.81 points or 0.05 per cent to end at 58,191.29, while the broader NSE Nifty fell 17.15 points or 0.1 per cent to 17,314.65.

Foreign institutional investors were net buyers in the capital market on Thursday as they purchased shares worth Rs 279.01 crore, as per exchange data.

(With PTI inputs)