Rupee Plunges 2 Paise To Close at 81.90 Against US Dollar on Budget Day
MUMBAI: The Indian Rupee on the day of the Budget pared initial gains and settled 2 paise lower at 81.90 (provisional) against the US dollar.
At the interbank foreign exchange market, the rupee opened at 81.76 against the greenback and finally settled at 81.90, down 2 paise over its previous close. During the session, the rupee touched an intraday high of 81.68 and a low of 82.03 against the American currency.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.14 per cent lower at 101.95.
Global oil benchmark Brent crude futures declined 0.26 per cent to USD 85.24 per barrel.
The government’s fiscal deficit as of December-end touched 59.8 per cent of the full-year Budget Estimate on subdued growth in revenue collections, according to finance ministry data released on Tuesday.