In early trading, the rupee loses 10 paise to 81.69 versus the US dollar

In early trading, the rupee loses 10 paise to 81.69 versus the US dollar

In early trading on Monday, the rupee fell 10 paise to 81.69 versus the US dollar as a result of large outflows of foreign funds.

The local unit began weakly at 81.69 versus the dollar on the interbank foreign exchange, down 10 paise from its previous finish.

The rupee's value versus the dollar ended the previous session on Friday at 81.59.

The dollar index, which measures the strength of the dollar against a basket of six other currencies, decreased 0.01 percent to 101.92.

The international oil benchmark, Brent crude futures, saw a 0.17 percent fall to USD 86.51 per barrel.

Monday's direction for the local currency will be determined by the Union Budget and the US Federal Reserve's policy decision, according to dealers.

"Peers in the Asian and developing market regions have had rises to far, which may help investor sentiment. Gains might be limited, however, by importer demand and the presence of the Reserve Bank of India "Sriram Iyer, a senior research analyst at Reliance Securities, stated

India's foreign exchange reserves climbed by USD 1.727 billion to USD 573.727 billion in the week ending January 20, the Reserve Bank of India (RBI) said on Friday. The kitty has increased for the second week in a row.

The 30-share BSE Sensex was trading 30.72 points, or 0.05 percent, higher at 59,361.62 on the domestic equities market. The NSE Nifty index as a whole increased 17.55 points, or 0.1 percent, to 17,621.90.

According to exchange statistics, Foreign Institutional Investors (FIIs) changed from buyers to sellers in the capital markets on Friday as they sold shares worth Rs 5,977.86 crore. This occurred during a decline in Indian equities caused by a selloff led by the Adani Group.