Rupee depreciates 8 paise to close at 82.32 against American dollar ...Middle East

Economy by : (Business Standard) -
The rupee depreciated 8 paise to close at 82.32 (provisional) against the US dollar on Friday, as a firm American currency and risk-averse sentiment among investors weighed on the local unit. At the interbank foreign exchange market, the local currency opened at 82.26 and finally settled at 82.32 against the American currency, registering a decline of 8 paise over its previous close. During the day, the local unit witnessed a high of 82.12 and a low of 82.43 against the greenback. On Thursday, the local currency had settled at 82.24 against the US dollar. "Rupee weakened a bit against the dollar in the wake of a hotter-than-expected inflation number that was released on Thursday," said Gaura

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