Indian Rupee Closes Weak Against The U.S Dollar

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Close view of Indian banknotes, rupees arranged for photograph. (Photo: Vijay Sartape/BQ Prime)

The Indian rupee closed weak against the U.S. dollar.

The local currency depreciated 20 paise to close at Rs 82.22 after opening at Rs 82.06 against the U.S. dollar on Wednesday.

It closed at Rs 82.02 on Tuesday, according to Bloomberg data.

The rupee is likely to trade in the Rs 81.8000–82.1500 range for the day, according to Reliance Securities.

"From an intraday perspective, the Indian Rupee could open flat this Wednesday morning as investors will look to further cues from FOMC meeting minutes," the brokerage said in a pre-market report.

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