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Rupee Plunges by 8 Paise; Closes at 82.86 Against the US Dollar

MUMBAI: The Indian Rupee on Tuesday closed 8 Paise lower than the previous session against the US Dollar.

At the interbank foreign exchange market, the rupee opened on a positive note at 82.69 against the greenback, but pared the gains and fell to an intra-day low of 82.92. The domestic currency finally settled at 82.86, down 8 paise over its previous close of 82.78.

The Dollar index which gauges the strength of the US Dollar against a basket of six currencies was trading at 1 per cent higher at 104.55.

The Global oil benchmark Brent crude futures rose 0.02 per cent to USD 85.93 per barrel.

Meanwhile, the Gold prices also jumped by Rs 506 Rs 55,940 per 10 grams against a previous price of Rs 55,434. Silver also zoomed to Rs 1,374 to Rs 71,224 per kilogram.

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