Rupee falls 41 paise to close at 81.93 against US dollar

January 31, 2023 19:25

The rupee depreciated by 41 paise to close at 81.93 (provisional) against the US dollar on Tuesday after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of current account deficit.

Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiment.

At the interbank foreign exchange, the domestic unit opened weak at 81.61 against the dollar, and lost further ground to fall below the 82 per US dollar level.

The rupee finally ended at 81.93, registering a decline of 41 paise over its last close.

During the session, the local unit witnessed an intra-day high of 81.58 and a low of 82.07 against the US dollar.

In the previous session on Monday, the rupee settled at 81.52 against the American currency. -- PTI

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