Indian rupee falls against UAE dirham in early deals

The Indian rupee slipped 19 paise to 82.38 against the US dollar (22.44 versus the UAE dirham) in early trade on Monday as persistent foreign funds outflows and weak equities weighed on investor sentiments.

At the Indian interbank foreign exchange, the rupee opened lower at 82.33 against the dollar, then lost further ground to quote at 82.38, registering a fall of 19 paise over its previous close.

In initial deals, the rupee was moving in a close range of 82.38-82.33 against the American currency.

In the previous session on Friday, the rupee had settled at 82.19 against the greenback.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.27 per cent to 113.01.

Brent crude futures, the global oil benchmark, rose 0.59 per cent to $92.17 per barrel.

In the Indian equity market, the 30-share BSE Sensex was trading 100.41 points or 0.17 per cent lower at 57,819.56, and the broader NSE Nifty slipped 33.95 points or 0.20 per cent to 17,151.75.

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