Rupee Falls 4 Paise to Close at 82.64 Against USD

Mumbai: The rupee depreciated 4 paise to close at 82.64 (provisional) against the US dollar on Monday, tracking a strong American currency against major rivals overseas.

However, a firm trend in domestic equities, foreign capital inflows and lower crude prices restricted the fall in the domestic unit, forex traders said.

Meanwhile, the dollar strengthened as investors were upbeat on the tentative agreement between US President Joe Biden and Republican House Speaker Kevin McCarthy on the debt ceiling, which is likely to face voting on Wednesday before getting sealed.