Rupee vs Dollar: Domestic currency falls 5 paise to close at 83.92 against US dollar
Rupee vs Dollar: The rupee depreciated by 5 paise to close at 83.92 (provisional) against the American currency on Tuesday, on overnight jump in crude oil prices and a surge in commodity prices.
![Rupee vs Dollar: Domestic currency falls 5 paise to close at 83.92 against US dollar](https://cdn.zeebiz.com/sites/default/files/2024/08/27/314649-rupee-43954801280.jpg?im=FitAndFill=(1200,900))
Rupee vs Dollar: The rupee depreciated by 5 paise to close at 83.92 (provisional) against the American currency on Tuesday, on overnight jump in crude oil prices and a surge in commodity prices. However, positive domestic markets and a soft US dollar cushioned the downside, forex traders said.
At the interbank foreign exchange market, the local unit opened at 83.91 and touched an intra-day low of 83.95 against the US dollar.
The domestic currency finally settled at 83.92 (provisional), 5 paise lower from its previous close.
On Monday, the Indian rupee settled for the day 3 paise higher at 83.87 against the American currency.
"We expect the rupee to trade with a slight positive bias on rise in global risk sentiments amid dovish Fed speak and rising expectations of a rate cut by the Fed in September."However, geopolitical tensions in the Middle East and rising crude oil prices may cap sharp upside. Traders may take cues from US consumer confidence data," Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said.
Forex traders said the rupee is likely to remain within a narrow range as the Reserve Bank of India has been actively intervening in the market, consistently absorbing inflows.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 100.79.
Brent crude, the global oil benchmark, declined 0.87 per cent to USD 80.72 per barrel.
On the domestic equity market front, Sensex rose 13.65 points, or 0.02 per cent, to close at 81,711.76 points. The Nifty closed 7.15 points, or 0.03 per cent, up at 25,017.75 points.
Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday, as they purchased shares worth Rs 483.36 crore, according to exchange data.
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-mutual-fund-lump-sip-one-time-investment-planning-calculator-calculations-how-inr-rs-1000000-deposit-can-create-rs-30000000-fund-in-30-years-power-of-compounding-347205](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353193-salary-da-calculator.jpg?itok=-EhQme5U)
Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus
![https://www.zeebiz.com/personal-finance/photo-gallery-employees-pension-calculation-what-will-be-your-monthly-pension-with-rs-35000-salary-25-years-of-service-age-33-retirement-corpus-epf-eligibility-benefits-income-formula-347502](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353507-eps-1.jpg?itok=QiOr5Wja)
EPS Pension Calculation: Estimate your monthly pension with Rs 35,000 salary, 25 years of service & age 33
![https://www.zeebiz.com/personal-finance/photo-gallery-7th-pay-commission-monthly-salary-calculator-is-your-basic-salary-inr-rs-24500-53000-81100-know-your-total-salary-8th-matrix-salary-scale-band-grade-dearness-allowance-travel-hra-house-rent-347484](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353484-7th-pay-commission-salary-calculator.jpg?itok=exBYKLyX)
Monthly Salary Calculations: Is your basic salary Rs 24,500, Rs 53,000, or Rs 81,100? Know how much total salary central government employees may get
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-latest-fd-interest-rates-know-what-psu-bank-is-giving-to-senior-citizens-and-others-on-rs-1-lakh-investment-in-1-year-3-yearand-5-year-tenure-state-bank-of-india-interest-rate-calculator-online-347620](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/18/353639-add-a-heading-18.jpg?itok=0sPMgPTL)
SBI FD Rates - Know what PSU bank is giving to senior citizens and others on Rs 1 lakh investment in 1-year, 3-year, and 5-year tenure
![https://www.zeebiz.com/personal-finance/photo-gallery-444-day-special-fds-how-much-will-you-earn-by-investing-rs-5-lakh-and-rs-7-lakh-in-sbi-indian-overseas-bank-and-federal-bank-fixed-deposit-schemes-347761](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/18/353794-fd-schemes.png?itok=3o7yPbjZ)
444-Day Special FDs: How much will you earn by investing Rs 5 lakh and Rs 7 lakh in SBI, Indian Overseas Bank, and Federal Bank fixed deposit schemes?
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-regime-slabs-old-existing-proposed-revised-calculator-what-will-be-your-tax-on-annual-income-salary-of-inr-rs-800000-1400000-2000000-2600000-nirmala-sitharaman-budget-2025-346889](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352870-top7-hybrid-funds-in-10-years-1.jpg?itok=UqwoA5Li)
Income Tax Calculations: What will be your tax liability if your salary is Rs 8 lakh, Rs 14 lakh, Rs 20 lakh, and Rs 26 lakh?
04:36 PM IST