<p>Mumbai: Rupee depreciated 8 paise to 83.95 against the US dollar in morning trade on Tuesday, weighed down by elevated crude oil prices and a muted trend in domestic equities.</p><p>Forex traders said Brent Crude, the international benchmark, was trading above the $80 per barrel mark, as fighting continued in the Middle East and attacks by Russia over Ukraine also increased geopolitical tensions.</p><p><br>At the interbank foreign exchange market, the local unit opened at 83.91, then lost further ground and touched 83.95, registering a loss of 8 paise from its previous close.</p><p><br>On Monday, the Indian rupee settled for the day 3 paise higher at 83.87 against the American currency.</p><p><br>Asian currencies fell after appreciating on Monday. The Indian rupee opened at 83.91 and is expected to trade in a small range of 83.85/95, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.</p>.Crewed SpaceX mission delayed after leak in ground equipment.<p>According to CR Forex Advisors' Amit Pabari with the Reserve Bank firmly in control, the rupee is likely to remain within a narrow range.</p><p><br>"The Reserve Bank of India has been actively intervening in the market, consistently absorbing inflows and preventing the rupee from reaching what many consider its fair value," Pabari said.</p><p><br>He further noted that this strategy has also contributed to a nearly $5 billion increase in India's forex reserves, providing a buffer against potential currency shocks.</p><p><br>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.04 per cent to 100.89 points.</p><p><br>Brent crude was 0.23 per cent down at $81.24 per barrel in futures trade, as escalations in tensions in the Middle East took oil prices higher.</p>.Meta CEO Mark Zuckerberg says Joe Biden 'pressured' him to remove Covid content.<p>In the domestic equity market, the 30-share BSE Sensex fell 76.99 points, or 0.09 per cent, to 81,621.12 points, while the Nifty was down by 27.75 points, or 0.11 per cent, to 24,982.85 points.</p><p><br>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday, as they purchased shares worth Rs 483.36 crore, according to exchange data.</p>
<p>Mumbai: Rupee depreciated 8 paise to 83.95 against the US dollar in morning trade on Tuesday, weighed down by elevated crude oil prices and a muted trend in domestic equities.</p><p>Forex traders said Brent Crude, the international benchmark, was trading above the $80 per barrel mark, as fighting continued in the Middle East and attacks by Russia over Ukraine also increased geopolitical tensions.</p><p><br>At the interbank foreign exchange market, the local unit opened at 83.91, then lost further ground and touched 83.95, registering a loss of 8 paise from its previous close.</p><p><br>On Monday, the Indian rupee settled for the day 3 paise higher at 83.87 against the American currency.</p><p><br>Asian currencies fell after appreciating on Monday. The Indian rupee opened at 83.91 and is expected to trade in a small range of 83.85/95, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.</p>.Crewed SpaceX mission delayed after leak in ground equipment.<p>According to CR Forex Advisors' Amit Pabari with the Reserve Bank firmly in control, the rupee is likely to remain within a narrow range.</p><p><br>"The Reserve Bank of India has been actively intervening in the market, consistently absorbing inflows and preventing the rupee from reaching what many consider its fair value," Pabari said.</p><p><br>He further noted that this strategy has also contributed to a nearly $5 billion increase in India's forex reserves, providing a buffer against potential currency shocks.</p><p><br>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.04 per cent to 100.89 points.</p><p><br>Brent crude was 0.23 per cent down at $81.24 per barrel in futures trade, as escalations in tensions in the Middle East took oil prices higher.</p>.Meta CEO Mark Zuckerberg says Joe Biden 'pressured' him to remove Covid content.<p>In the domestic equity market, the 30-share BSE Sensex fell 76.99 points, or 0.09 per cent, to 81,621.12 points, while the Nifty was down by 27.75 points, or 0.11 per cent, to 24,982.85 points.</p><p><br>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday, as they purchased shares worth Rs 483.36 crore, according to exchange data.</p>