The Indian rupee depreciated 14 paise to 82.53 against the US dollar (22.48 against the UAE dirham) in early trade on Monday, weighed down by the strength ..
The naira at the parallel foreign exchange market depreciated by N6 or 0.81% week on week to close at N745/$1 from N739/$1 in the previous week on the back of increased dollar demand. However, at the investors' and exporters’ FX window, the Naira appreciated against the United States’ dollar by N0.77 or 0.17% week on |
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Due to the strength of the US dollar in the foreign exchange market, the rupee lost 9 paisas to 82.73 cents in early trade on Friday.
According to forex traders, persistent outflows of foreign funds severely weakened investor sentiments.
The local unit at the interbank foreign exchange opened weakly against the dollar at 82.67, then dropped to 82.73, losing 9 paise from its previous finish.