Rupee falls 9 paise to close at 85.73 against USD
MUMBAI [Maha Media]: The rupee depreciated 9 paise to close at 85.73 (provisional) against the US dollar on Thursday, as strong dollar demand from importers and foreign fund outflows dented investor sentiments.
Forex traders said the dollar gained against most currencies during 2024 and continued to remain on a strong footing this year. Moreover, persistent foreign fund outflows further dented investors' sentiments.
Additionally, global markets are expected to see low volumes as the holiday season is underway in major economies like those in Europe.