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09-06-2021 | Asia

In early trade, the rupee falls 13 paise to 73.02 against the US dollar.

MUMBAI: The Indian rupee fell 13 paise in early trade on Wednesday, slipping below the 73 per US dollar threshold, as the US currency strengthened in the international market.

The local unit opened at 72.90 against the dollar on the interbank foreign exchange, then fell 13 paise to 73.02 versus the American currency.

On June 8, the rupee was trading at 72.89 against the US dollar.

The lack of key data in the domestic and foreign markets on June 9 could keep the currency steady, according to Reliance Securities in a research note.

Most Asian currencies have started the day somewhat firmer versus the US dollar, which could limit the depreciation bias, according to the note.

The dollar index, which measures the strength of the greenback against a basket of six currencies, increased 0.02 percent to 90.09.

Brent crude prices increased 0.51 percent to $72.59 a barrel, the global standard.

The BSE Sensex was up 109.51 points, or 0.21 percent, at 52,385.08, while the NSE Nifty was up 40.65 points, or 0.26 percent, at 15,780.75.

Foreign institutional investors were net purchasers in the capital market on June 8, purchasing shares worth Rs 1,422.71 crore, , as per exchange data.

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