MUMBAI: The Indian Rupee on Friday slumped by 9 paise against the US Dollar on Friday as the latter currency rebounded in the overseas market and muted the trend in domestic equities.
At the interbank foreign exchange market, the rupee opened on a positive note at 82.52 against the greenback, but pared the gains and fell to an intra-day low of 82.75.
Meanwhile the US Dollar today held an almost one-month high amidst indications that Fed rates would stay aggressive. The Dollar index rose 0.2 percent to 105.3 having briefly touched a four-week of 105.36.
Several currencies nursed losses on Friday as the surging greenback knocked them to multi-week lows in the previous session.
Gold prices in the national capital declined by Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally. Silver also fell Rs 7 to Rs 68,700 per kilogram.