MUMBAI: Amidst rising crude oil prices and forex outflows, the rupee declined by 26 paise to 81.68 against the US dollar in early trade on Tuesday.
At the interbank foreign exchange, the rupee was trading at 81.68 to a dollar at 0925 hrs. It opened lower at 81.48 to a dollar against the last close of 81.42. It moved in a range of 81.48 to 81.68 in morning deals.
Brent crude, the international oil price benchmark, rose 0.02 per cent to USD 88.21 per barrel. While, the US dollar index, which shows the strength of the greenback against six world currencies, was down 0.17 per cent at 101.96.
As per the latest Multi Commodity Exchange (MCX) data, gold futures, set to mature on 3 February 2023, rose 0.41 per cent to Rs 57,046.00. Silver futures, which will mature on 3 March this year, increased 0.47 per cent to Rs 68,283.00.