Indian rupee falls against UAE dirham in early trade

Persistent foreign fund outflows weighed on the currency, forex traders say

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Photo: AFP

By PTI

Published: Wed 1 Nov 2023, 8:52 AM

The Indian rupee depreciated 3 paise to 83.27 against the US dollar (23.13 against the UAE dirham) in the morning session on Wednesday, tracking a strong American currency overseas and muted trend in domestic equities.

Persistent foreign fund outflows also weighed on the Indian currency, forex traders said.

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At the interbank foreign exchange, the rupee opened at 83.26 against the dollar. It touched a low of 83.27 in initial deals, registering a fall of 3 paise over its previous close.

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PTI

Published: Wed 1 Nov 2023, 8:52 AM

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