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| Rupee falls 7 paise against US dollar | | | Agencies
MUMBAI, Apr 12: The rupee depreciated 7 paise to close at 83.38 against the US dollar on Friday, weighed down by a massive sell-off in domestic equities and a strong greenback against major crosses overseas. Forex traders said elevated crude oil prices also dented investor sentiments. At the interbank foreign exchange market, the local unit opened at 83.36 and touched an intraday low of 83.44 against the greenback. The local unit finally settled at 83.38, registering a loss of 7 paise against its previous close. On Wednesday, the rupee closed flat at 83.31 against the US dollar. Forex markets were closed on Thursday on account of Eid-Ul-Fitr.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.51 per cent higher at 105.82.
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