Rupee depreciates 20 ps to close at 82.85 against the dollar
Rupee depreciates 20 ps to  close at 82.85 against the dollar

The Indian rupee slipped 20 paise to close at 82.85  against the US dollar on Tuesday, pressured by month-end dollar demand from importers and foreign capital outflows.

At the interbank foreign exchange market, the rupee opened lower at 82.71 against the Dollar and floated an intraday high of 82.69 and a low of 82.87. It finally settled at 82.85, down 20 paise against its previous close of 82.65.

The dollar index, which measures the Dollar's strength against a basket of six currencies, was trading 0.27% lower at 104.02.

Meanwhile, Global oil benchmark Brent crude futures rose 0.83% to USD 84.62 per barrel.

The benchmark BSE Sensex ended 361.01 points or 0.60% higher at 60,927.43, while the NSE Nifty climbed 117.70 points or 0.65% to 18,132.30.

Foreign Institutional Investors were net sellers in capital markets on December 26 as they sold shares worth Rs. 497.65 crore, according to exchange data.

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