Indian rupee drops against UAE dirham in early trade

Persistent foreign fund outflows weighed on the local unit, forex traders say

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Photo: Reuters file

By PTI

Published: Mon 13 Nov 2023, 9:52 AM

The rupee depreciated 4 paise to 83.32 against the US dollar (23.1 against UAE dirham) in the morning session on Monday, tracking a negative trend in domestic equities.

Persistent foreign fund outflows also weighed on the local unit, forex traders said.

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At the interbank foreign exchange, the rupee opened at 83.31 against the dollar. It touched a low of 83.32 in initial deals, registering a fall of 4 paise over its previous close.

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PTI

Published: Mon 13 Nov 2023, 9:52 AM

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