Rupee Falls 3 Paise to 82.70 Against USD

Mumbai: The rupee depreciated by 3 paise to 82.70 against the US dollar in early trade on Wednesday, tracking a strong American currency against major rivals overseas and subdued sentiments in domestic as well as global equities markets.

Forex traders said the crude oil trading below USD 75 per barrel and inflows of foreign funds failed to support the Indian currency.

The dollar was trading at an elevated level of 104 as positive development on the US debt ceiling bill boosted investors’ sentiment. However, participants were also concerned over the payroll data to be released on Friday.