Indian Rupee Depreciates Against U.S. Dollar
The rupee depreciated to 82.76 after opening at 82.70, compared with Monday's close of 82.74.
The Indian rupee depreciated after opening strong against the U.S. dollar on Tuesday.
The local currency opened at 82.70 against the U.S. dollar, appreciating 4 paise against Monday's close of 82.74. It had strengthened as much as 0.1%, or 8 paise, to 82.66 apiece, according to Bloomberg data.
However, the rupee slipped into losses soon after opening and depreciated as much as 0.24% or 20 paise intraday to 82.94.
It ended day's trade at 82.88, about 0.17% lower.