The rupee slipped 1 paisa to settle at 83.13 (provisional) against the US dollar on Wednesday amid massive selling in domestic equity markets and a strong greenback overseas. At the interbank foreign exchange, the domestic currency opened at 83.13 and traded in the range of 83.07 to 83.17 against the dollar. On Tuesday, the rupee declined 26 paise to settle at 83.12 against the US dollar. "The rupee traded flat...with the dollar index rising and sell off in capital markets rupee weakness can continue towards 83.25-83.30. On the domestic equity market front, Sensex fell 1,628.01 points, or 2.23 per cent, to settle at 71,500.76 points.

Source: The Hindu January 17, 2024 15:30 UTC