{"id":57204,"date":"2024-10-18T06:06:46","date_gmt":"2024-10-18T06:06:46","guid":{"rendered":"https:\/\/earlypostdaily.com\/?p=57204"},"modified":"2024-10-18T06:06:47","modified_gmt":"2024-10-18T06:06:47","slug":"rupee-declines-by-1-paisa-to-84-07-against-us-dollar-in-early-trade","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2024\/10\/18\/rupee-declines-by-1-paisa-to-84-07-against-us-dollar-in-early-trade\/","title":{"rendered":"&#8220;Rupee Declines by 1 Paisa to 84.07 Against US Dollar in Early Trade&#8221;"},"content":{"rendered":"\n<p><strong>Mumbai, October 18<\/strong> \u2013 The Indian rupee slipped by 1 paisa to 84.07 against the US dollar in early trading on Friday. This decline occurred despite a weakening American currency, as negative sentiment in domestic equity markets and rising crude oil prices weighed on the local unit.<\/p>\n\n\n\n<p>Forex traders noted that continued outflows of foreign funds also contributed to the rupee&#8217;s decline. The rupee opened flat at 84.06 against the dollar in the interbank foreign exchange market but fell to 84.07, marking a 1 paisa drop from the previous close.<\/p>\n\n\n\n<p>On Thursday, the rupee weakened by 4 paise, closing at 84.06 against the greenback.<\/p>\n\n\n\n<p>Meanwhile, the dollar index, which measures the strength of the US dollar against a basket of six currencies, decreased by 0.11 percent to 103.53 points. This decline was attributed to indications from the Chinese central bank of a potential reduction in the reserve ratio for lenders by the end of the year, which could boost the country\u2019s economy.<\/p>\n\n\n\n<p>In commodity markets, Brent crude, the international benchmark, rose by 0.21 percent to USD 74.61 per barrel in futures trading.<\/p>\n\n\n\n<p>On the domestic equity front, the Sensex dropped 372.10 points, or 0.46 percent, to 80,634.51 points, while the Nifty fell by 116.70 points, or 0.47 percent, to 24,633.15 points.<\/p>\n\n\n\n<p>Additionally, foreign institutional investors (FIIs) were net sellers in the capital markets on Thursday, offloading shares worth \u20b97,421.40 crore, according to exchange data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, October 18 \u2013 The Indian rupee slipped by 1 paisa to 84.07 against the US dollar in early trading on Friday. This decline occurred despite a weakening American currency, as negative sentiment in domestic equity markets and rising crude oil prices weighed on the local unit. Forex traders noted that continued outflows of foreign [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,22],"tags":[1032,73,1033,998],"class_list":{"0":"post-57204","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"category-national","9":"tag-earlypostdaily","10":"tag-india","11":"tag-latestnews","12":"tag-us-dollar"},"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/57204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=57204"}],"version-history":[{"count":1,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/57204\/revisions"}],"predecessor-version":[{"id":57206,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/57204\/revisions\/57206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/57205"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=57204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=57204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=57204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}