Indian rupee fall 13 paise to 77.67 against U.S. dollar in early trade

The rupee fall 13 paise to 77.67 against the U.S. dollar in early trade on Tuesday, weighed down by the rush in crude oil prices. At the inter-bank foreign exchange, the rupee opened at 77.65 against the U.S. dollar, then lost ground to price at 77.67, registering a fall of 13 paise from the last close.

On Monday, the rupee closed at 77.54 against the U.S. dollar. Global oil benchmark Brent crude futures raised 0.91 per cent to USD 122.78 per barrel. The rupee opened weaker against the dollar this Tuesday, tracking a rush in crude oil prices, said, Sriram Iyer, Senior Research Analyst at Reliance Securities.

Also, Asian and emerging market peers were trading weaker this morning and could weigh on sentiments, Investors will await the Q4 GDP and monthly fiscal deficit data for further signs, he added. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.02 per cent lower at 101.64.

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