Rupee Falls by 20 Paise Against 1 US Dollar

Story Highlights
  • Rupee falls second time in a row.
  • The Rupee closed at Rs 79.84 against One US Dollar
  • Gold recorded a drop while Silver plunged.

Mumbai: The Indian Rupee on Friday depriciated by another 20 paise closing at Rs 79.84 agaisnt the US Dollar.

At the interbank foreign exchange market, the domestic unit opened at 79.75 and moved in a range of 79.73 to 79.84 during the day. It finally ended at 79.84 against the American currency, down 20 paise over its previous close of 79.64.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.18 per cent to 107.67. Meanwhile, Brent crude futures, the global oil benchmark, declined 1.02 per cent to USD 95.60 per barrel.

The Gold prices declined by Rs 389 to Rs 51,995 per 10 grams in the national capital as the market. Silver also plunged Rs 1,607 to Rs 56,247 per kg from Rs 57,854 per kg in the previous trade.

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