The rupee is expected at around 81.75-81.80 per U.S. dollar at open, compared with 81.92 in the previous session
Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiment
The rupee depreciated 12 paise to 81.64 against the US dollar in early trade on Tuesday, weighed down by significant foreign fund outflows and a muted trend in domestic equities
At the interbank foreign exchange, the domestic unit opened weak at 81.69 against the dollar, registering a decline of 10 paise over its last close
A likely tapering of rate hikes by US Fed is also seen taking the global sheen off the dollar and working in favour of emerging markets
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The gold reserves continued to rise, jumping by $821 million to $43.712 billion, the RBI said
On Wednesday, the rupee had slipped 2 paise against the US dollar
At the interbank foreign exchange market, the rupee opened higher at 81.51 against the previous close of 81.61 on Wednesday
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On Monday, the rupee had declined by 25 paise to close at 81.42 against the US dollar
Early gains in domestic equity markets and a weak dollar against world currencies, however, restricted the rupee's losses
The domestic currency closed at 81.39 per dollar on Monday, against 81.13 per dollar on Friday
The Brent crude rose 0.26 per cent to $87.86 per barrel
The rupee rose for a second straight week, gaining 0.25% over last week to end at 81.12 per dollar on Jan. 20, as the greenback slid on soft US data
The gold reserves continued to rise, jumping by USD 1.106 billion to USD 42.89 billion, the RBI said
The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.21 per cent to 102.26
The US dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite