Rupee Falls 8 Paise to 82.05 Against USD

Mumbai: The rupee depreciated by 8 paise to 82.05 against the US dollar in early trade on Friday, tracking a strong American currency and withdrawal of foreign funds from domestic equities.

Negative sentiments in the domestic as well as global equity markets also weighed on the Indian currency. However, crude prices sliding below USD 75 per barrel capped the fall in the local unit, forex traders said At the interbank foreign exchange, the domestic unit opened weak at 82.05 and traded between 82.07-82.04 against the greenback.

The currency later traded at 82.05 against the dollar, registering a fall of 8 paise from its previous close. On Thursday, the rupee settled at 81.97 against the dollar.