<p>The <a href="https://www.deccanherald.com/tag/rupee" target="_blank">rupee </a>fell by 15 paise to close at 82.73 (provisional) against the <a href="https://www.deccanherald.com/tag/dollar" target="_blank">US currency</a> on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities.</p>.<p>Firm crude oil prices further dented investor sentiments, forex traders said.</p>.<p>At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close.</p>.<p>In the previous session on Friday, the rupee settled at 82.58 against the dollar.</p>.<p>According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on a weak tone in Asian markets and a strong dollar.</p>.<p>Traders also pared their positions ahead of CPI data which is expected a tad higher from the previous month's reading. However, a weak start to crude oil on Monday cushioned the downside.</p>.<p>"We expect the rupee to trade with a negative bias amid risk aversion in global markets and the rising US dollar. Sustained outflows by foreign investors may also mount downside pressure on the domestic currency," Choudhary said.</p>.<p>Traders may remain cautious ahead of inflation data from India today and US tomorrow. USD-INR spot price is expected to trade in a range of Rs 82.20 to Rs 83.30, Choudhary added.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent higher at 103.78.</p>.<p>"Dollar strengthened on risk aversion in global markets amid expectations of a hawkish Fed and economic slowdown in the UK," Choudhary said.</p>.<p>Global oil benchmark Brent crude futures declined 1.19 per cent to $85.36 per barrel.</p>.<p>The 30-share BSE Sensex ended 250.86 points or 0.41 per cent lower at 60,431.84, while the broader NSE Nifty declined 85.60 points or 0.48 per cent to 17,770.90.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 1,458.02 crore, according to exchange data.</p>
<p>The <a href="https://www.deccanherald.com/tag/rupee" target="_blank">rupee </a>fell by 15 paise to close at 82.73 (provisional) against the <a href="https://www.deccanherald.com/tag/dollar" target="_blank">US currency</a> on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities.</p>.<p>Firm crude oil prices further dented investor sentiments, forex traders said.</p>.<p>At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close.</p>.<p>In the previous session on Friday, the rupee settled at 82.58 against the dollar.</p>.<p>According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on a weak tone in Asian markets and a strong dollar.</p>.<p>Traders also pared their positions ahead of CPI data which is expected a tad higher from the previous month's reading. However, a weak start to crude oil on Monday cushioned the downside.</p>.<p>"We expect the rupee to trade with a negative bias amid risk aversion in global markets and the rising US dollar. Sustained outflows by foreign investors may also mount downside pressure on the domestic currency," Choudhary said.</p>.<p>Traders may remain cautious ahead of inflation data from India today and US tomorrow. USD-INR spot price is expected to trade in a range of Rs 82.20 to Rs 83.30, Choudhary added.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent higher at 103.78.</p>.<p>"Dollar strengthened on risk aversion in global markets amid expectations of a hawkish Fed and economic slowdown in the UK," Choudhary said.</p>.<p>Global oil benchmark Brent crude futures declined 1.19 per cent to $85.36 per barrel.</p>.<p>The 30-share BSE Sensex ended 250.86 points or 0.41 per cent lower at 60,431.84, while the broader NSE Nifty declined 85.60 points or 0.48 per cent to 17,770.90.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 1,458.02 crore, according to exchange data.</p>