Indian Rupee Weakens Against The U.S. Dollar

Intraday, the rupee weakened as much as 18 paise to 81.42 against the dollar. At close, the rupee ended 12 paise weaker at 81.36.

Rishabh Bhatnagar @Rish_Bhat

10:19 AM IST, 19 Jan 202310:19 AM IST, 19 Jan 202310:19 AM IST, 19 Jan 202310:19 AM IST, 19 Jan 2023

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Rs 500 currency notes. (Photo: Usha Kunji/BQ Prime)

The Indian rupee weakened against the U.S. dollar on Thursday.

The local currency depreciated 0.16%, or 13 paise, to 81.37 against the greenback at open, compared to Wednesday's close of 81.24.

Intraday, the rupee weakened as much as 18 paise to 81.42 against the greenback.

At close, the rupee ended 12 paise weaker at 81.36.

"The U.S. dollar index rebounded from its seven-month lows and ended the day with minor gains on hawkish comments from two Fed members," ICICI Direct said in its daily currency strategy note.