Key Points
Mumbai, Mar 11 (PTI) The rupee declined by 8 paise to settle at 82.75 against the US dollar on Monday, tracking bearish equity markets...
Forex analysts said weakness in the US dollar and a decline in crude oil prices cushioned the downside...
At the interbank foreign exchange market, the local unit opened at 82.74 and touched the intra-day low of 82.76 against the greenback..
Any recovery in the US dollar and any pullback in crude oil prices may also weigh on the rupee, said Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas...
USD-INR spot price is expected to trade in a range of Rs 82.50 to Rs 83, he said.. Brent crude futures, the global oil benchmark, advanced 0.23 per cent to USD 82.27 per barrel...
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