Rupee Slumps for Third Day Straight; Closes at 82.74

MUMBAI: Indian Rupee registered a drop for the third consecutive day amidst intense selling pressure in domestic equities. The domestic currency dropped by 7 paise to 82.74 (provisional) against the US dollar on Wednesday.

At the interbank foreign exchange, the domestic unit opened weak at 82.71 against the dollar. The currency touched an intraday low of 82.75 and a high of 82.64. The unit finally settled at 82.74 (provisional) against the dollar, registering a fall of 7 paise over its previous close.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.34 per cent to 104.54. Brent crude futures, the global oil benchmark, fell 1.69 per cent to USD 72.30 per barrel.

Gold prices soared Rs 455 to Rs 60,400 per 10 grams. Silver also zoomed by Rs 500 to Rs 72,750 per kg.

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