Rupee Falls 16 Paise to 82.21 Against USD

Mumbai: The rupee depreciated 16 paise to 82.21 against the US dollar in early trade on Thursday, pulled down by the strength of the American currency on the back of a hawkish US Federal Reserve.

At the interbank foreign exchange, the domestic unit opened at 82.16, then fell to 82.21, registering a decline of 16 paise over its last close amid a negative trend in domestic equities.

On Wednesday, the rupee settled at 82.05 against the dollar helped by robust macro fundamentals, FII inflows and a weak greenback against major rivals overseas.