Indian rupee slips against UAE dirham amid rising crude oil prices

Despite a weak US dollar against major overseas rivals, negative sentiment in domestic equity markets kept the rupee under pressure, forex traders say

By PTI

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Published: Thu 18 Jan 2024, 9:27 AM

The Indian rupee slipped 1 paisa to 83.15 against the US dollar in early trade on Thursday amid rising crude oil prices and withdrawal of foreign funds.

Despite a weak American currency against major overseas rivals, negative sentiment in domestic equity markets kept the Indian currency under pressure, forex traders said.

At the interbank foreign exchange, the rupee opened at 83.16 and inched up to 83.15 against the greenback in morning deals and traded at a loss of 1 paisa over its previous close.

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[Editor's Note: For real-time forex rates, click on the widget below or visit Khaleej Times' dedicated Trading News page here.]

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