Rupee Falls 10 Paise Against US Dollar; Closes at 82.16

MUMBAI: The rupee pared its initial gains to settle 10 paise down at 82.16 (provisional) against the US dollar on Monday, amidst claims by FM Nirmala Sitharaman that Digital E-Rupee worth over Rs 130 crore is in circulation on a pilot basis.

The Reserve Bank of India (RBI) launched pilots in digital rupee in the wholesale segment (e₹-W) on November 1, 2022 and in the retail segment (e₹-R) on December 1, 2022.

At the interbank foreign exchange market, the domestic unit opened stronger at 81.78 against the American currency and touched a low of 82.20 during the intra-day. It settled at 82.16 (provisional) against the greenback, registering a loss of 10 paise over its previous close of 82.06.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.37 per cent to 104.19. Global oil benchmark Brent crude futures declined 1.72 per cent to USD 81.36 per barrel.

Gold and Silver prices zoomed on Monday after long hiatus. The gold price jumped Rs 970 to Rs 56,550 per 10 grams while Silver also zoomed Rs 1,600 to Rs 63,820 per kg.

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