Key Points
Mumbai, Dec 19 (PTI) The rupee declined by 8 paise to settle at 83.18 against the US dollar on Tuesday due to dollar buying by importers amid lingering worries over oil supplies through the Red Sea route...
Forex traders said that positive sentiment in the stock market, a weak greenback against major currencies overseas and steady crude oil prices restricted losses in the local currency...
At the interbank foreign exchange market, the local unit opened flat at 83.10 against the greenback and traded between the peak of 83.09 and the lowest level of 83.22..
Traders said dollar buying by importers following a recent spike in the rupee amid increased FII inflows kept the unit under pressure...
While Maersk on Tuesday announced that it may reroute some of its vessels around Africas Cape of Good Hope, the US and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen...
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