Rupee falls 10 paise to close at all-time low of 83.14 against US dollar

September 06, 2023 20:06

The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency.

Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months.

Moreover, elevated crude oil prices also weighed on rupee.

At the interbank foreign exchange market, the local unit opened at 83.08 against the US dollar and moved in a range of 83.02 to 83.18 in the day trade.

The rupee finally settled at 83.14 (provisional) against the US dollar, down 10 paise from its previous close.

The India currency earlier hit the lowest level of 83.13 on August 21 this year.

On Tuesday, the rupee plunged by 33 paise to close at 83.04 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.07 per cent to 104.73. -- PTI

« Back to LIVE

TOP STORIES

Uddhav's 'abnormal' dig at Shinde over Badlapur protest

Thackeray was referring to CM Shinde's claim that the protest was politically motivated and most of the protesters had come from outside.

Wheelchair bound Soorma aims for Paralympic gold

Soorma, a dashing six-footer, expressed gratitude towards his family for supporting his and wants to give them back by winning a medal at the Paris Paralympics.

Assam govt tables compulsory Muslim marriage, divorce registration bill

Last month, the Cabinet had approved the Repealing Bill to abolish the Assam Muslim Marriages and Divorce Registration Act and Rules of 1935, which permitted underage marriages under specific conditions.

NC, Cong to fight J-K polls together, says Abdullah

The announcement came after Leader of Opposition in the Lok Sabha Rahul Gandhi and Congress president Mallikarjun Kharge called on the National Conference leadership at Abdullah's residence.

India's England tour schedule out, first Test in June

The Board of Control for Cricket in India (BCCI) announced the schedule on X.