Rupee falls 12 paise to close at 82.33 against US dollar
New Delhi, Oct 12: The rupee fell by 12 paise to close at 82.33 against the US dollar on Wednesday due to sustained foreign fund outflows and a stronger dollar in the overseas markets.
Besides, risk aversion sentiment among investors ahead of the release of US Fed minutes and inflation data weighed on the local unit.
At the interbank foreign exchange market, the local currency opened lower at 82.32 and later fell further to 82.3750 against the American currency. It recovered some ground to close at 82.33, registering a decline of 12 paise over its previous close.
On Tuesday, the rupee rebounded from its all-time low to close 19 paise higher at 82.21 against the US dollar.
"In line with the dollar index, the rupee marked another steady day. So far this week, the rupee has been trading in a narrow range and closing near 82.32," said Dilip Parmar, Research Analyst, HDFC Securities.
Parmar said a rebound in the domestic equities and the central bank's intervention ahead of the crucial retail inflation release supported the rupee on Wednesday.
In the near-term, spot USD/INR is expected to trade in the range of 82.10 to 82.80, Parmar noted.
Traders said investors remained cautious ahead of the release of key domestic macro data.
"Rupee traded in a narrow range in the last couple of sessions as investors remain cautious ahead of inflation numbers," Motilal Oswal Financial Services said, adding that the central bank is yet to get surging inflation under control and will need to press forward with tightening monetary policy.
"Focus will be on the FOMC meeting minutes and hawkish comments are likely to strengthen the greenback.
According to Praveen Singh, AVP- Fundamental currencies and Commodities analyst, Sharekhan by BNP Paribas, "The domestic currency is trading with a loss of 0.10 per cent in the spot market as the traders await India's inflation and industrial production data."
On Thursday's US CPI data will be of prime importance for the financial markets, though barring a big miss the US Dollar is expected to be well bid.
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.01 per cent to 113.21.
Global oil benchmark Brent crude futures rose 0.39 per cent to USD 94.66 per barrel.
On the domestic equity market front, the 30-share BSE Sensex advanced 478.59 points or 0.84 per cent to end at 57,625.91, while the broader NSE Nifty rose 140.05 points or 0.82 per cent to 17,123.60.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets as they offloaded shares worth Rs 542.36 crore on Wednesday, according to exchange data.
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US rules out use of nuclear weapons against Iran
Washington DC: The White House has reportedly ruled out the use of nuclear weapons against Iran, even as uncertainty continues over ongoing peace negotiations and a deadline set by US President Donald Trump approaches.
Issues bout a possible escalation had increased after US Vice President JD Vance said that the United States has “tools in our toolkit that we so far haven’t decided to use” in dealing with Iran.
His remarks came amid rising tensions and ahead of a deadline linked to peace efforts.
The situation has attracted attention as Trump warned Iran that its “whole civilization will die tonight tonight” if an agreement is not reached by Tuesday at 8 pm.
This statement led to speculation about the possibility of extreme military measures, including a nuclear strike.
Following Vance’s comments, the White House issued a clarification distancing itself from such interpretations. In a post on X, it said, "Literally nothing @VP said here 'implies' this, you absolute buffoons." In a later statement, it added that “only the president knows” what action will be taken regarding Iran.
Literally nothing @VP said here "implies" this, you absolute buffoons https://t.co/7JU3wXMaWX
— Rapid Response 47 (@RapidResponse47) April 7, 2026
