News > Rupee falls 9 paise to close at 82.71 against US Dollar

Rupee falls 9 paise to close at 82.71 against US Dollar

The rupee pared initial gains and settled 9 paise lower at 82.71 (provisional) against the US Dollar on Friday, tracking a rebound in the greenback overseas and a muted trend in domestic equities. “FII outflows also weighed on Rupee. However, weak crude oil prices cushioned the downside. US Dollar gained as tight labour market data raised odds that the US Federal Reserve may continue to hike interest rates aggressively,” Research Analyst at Sharekhan said.