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Rupee falls 36 paise to 79.51 against US dollar in early trade

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Dion Global

04 Aug 2022

The rupee depreciated 36 paise to 79.51 against the US dollar in opening trade on Thursday, as disappointing macroeconomic data and US-China tensions weighed on investor sentiment.

At the interbank foreign exchange, the rupee opened at 79.21 against the US dollar, then fell to 79.51, registering a decline of 36 paise over the last close.

On Wednesday, the rupee slumped by 62 paise to close at 79.15 against the dollar, marking its worst single-day fall in the current fiscal year.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.08 percent to 106.41.