On Tuesday, the rupee had closed at 81.95 against the dollar.
Mumbai:
The rupee depreciated 6 paise to close at 82.01 against the US dollar in early trade on Wednesday, weighed down by foreign fund outflows and a negative trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened weak at 82.00 against the dollar, then declined to 82.01, registering a decline of 6 paise over its previous close.
On Tuesday, the rupee had closed at 81.95 against the dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.04 per cent to 101.82.
Global oil benchmark Brent crude futures rose 0.37 per cent to $81.07 a barrel.
“Sudden changes in the upside and risk aversion to growing chaos on the global front amid geopolitical concerns are not healthy for the currency.
“However, in near term perspective, the pair is squeezed between 81.80-82.20, and a push above 82.20 is needed to take the pair towards 82.50-82.80 levels,” Amit, MD, CR Forex Advisors Pabri said.
In the domestic equity market, the 30-share BSE Sensex was trading 157.29 points or 0.26 per cent lower at 59,973.42. The broader NSE Nifty fell 50.30 points, or 0.28 per cent, to 17,718.95.
Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, selling shares worth Rs 407.35 crore, according to exchange data.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)