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Rupee falls 12 paise to 79.76 against US dollar in early trade

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Dion Global

19 Aug 2022

The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market.

At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76, registering a decline of 12 paise over the last close.

On Thursday, the rupee depreciated 19 paise to close at 79.64 against the US dollar.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 percent to 107.62.

Meanwhile, global oil benchmark Brent crude futures fell 0.37 percent to USD 96.23 per barrel.