Rupee falls 37 paise to close at 81.63 against US dollar
Deccan ChronicleMUMBAI: The rupee depreciated by 37 paise to close at 81.63 against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US Federal Reserve. UK inflation number came in at 11.1 per cent, to 41-year high, as compared to 10.1 per cent in the previous month, said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. On the domestic equity market front, the 30-share BSE Sensex fell 230.12 points or 0.37 per cent to end at 61,750.60, while the broader NSE Nifty declined 65.75 points or 0.36 per cent to 18,343.90.