Rupee Plunges by 10 Paise; Closes at 82.89 Against US Dollar

MUMBAI: The Indian Rupee on Wednesday held a narrow range against the Dollar depreciating by 10paise to settle at 82.89 (provisionally). The rupee’s Asian peers came under pressure on Wednesday after U.S. yields overnight witnessed another move higher.

At the interbank forex exchange market, the local unit opened flat at 82.79 and moved in a tight range of 82.89 to 82.79 during the session. It finally closed at 82.89 against the US DOllar registering a fall of 10 paise over the previous close of 82.79.

The Dollar Index that gauges the strength of the greenback currency against a basket of six currencies was trading at 0.12 percent. A sharp decline in the crude oil prices was registered.

Meanwhile, Gold price rose Rs 90 to Rs 56,350 per 10 gram in the national capital. Silver also jumped Rs 113 to Rs 66,083 per kg.

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