scorecardresearchRupee falls 4 paise to 79.96 against US dollar in early trade

Rupee falls 4 paise to 79.96 against US dollar in early trade

Updated: 20 Jul 2022, 11:01 AM IST
TL;DR.
Forex traders said significant dollar demand from oil importers, firm crude oil prices as well as concerns about swelling trade deficit weighed on investor sentiments.
A fruit vendor counts a wad of Indian Rupee currency notes for payment at his roadside stall in Mumbai on July 19, 2022. - The Indian rupee fell to more than 80 per US dollar for the first time on record on July 19, as the greenback extended its rally and foreign capital outflows intensified. (Photo by INDRANIL MUKHERJEE / AFP)

A fruit vendor counts a wad of Indian Rupee currency notes for payment at his roadside stall in Mumbai on July 19, 2022. - The Indian rupee fell to more than 80 per US dollar for the first time on record on July 19, as the greenback extended its rally and foreign capital outflows intensified. (Photo by INDRANIL MUKHERJEE / AFP)