Indian Rupee depreciates 18 paise to end at 82.22 versus the dollar. On April 19, under pressure from a strong dollar abroad and a downward trend in domestic equities, the rupee fell 18 paise to close at 82.22 against the US dollar.
Forex brokers claimed that strong crude oil prices and outflows of foreign funds also weighed down the local currency.
The local unit began trading at 82.10 versus the dollar on the interbank foreign exchange and eventually closed the session at 82.22 down 18 paise from its previous finish.
The rupee's value versus the dollar ranged from 82.07 to 82.25 throughout the day. The rupee's exchange rate versus the dollar on April 18 was 82.04.
International Markets: The U.K. stocks were the largest loser amid high inflation as European markets also traded in the negative. The dollar increased as speculation increased that the U.S. Federal Reserve would tighten monetary policy even further at its upcoming FOMC meeting in May.
The dollar index, which measures the strength of the dollar against a basket of six different currencies, increased 0.33% to 102.08.
Crude Oil: The benchmark for world oil, Brent crude futures, fell 1.69% to $83.34 a barrel.
Stocks: The 30-share BSE Sensex fell 159.21 points, or 0.27%, to settle at 59,567.80 points on the domestic equity market front. The larger NSE Nifty fell 17.618.75 points, or 41.40 points, or 0.23%.
According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth 810.60 crore on April 18, making them net sellers in the capital markets.
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