Rupee falls 6 paise to close at 83.22 against US dollar

The rupee started the new year on a weak note, depreciating by 6 paise to 83.22 against the US dollar amid a muted trend in domestic equities and dollar demand from importers. Forex traders said the rupee traded in a narrow range in the absence of global cues. Global crude oil markets were closed for New Year Day holiday. ​At the interbank foreign exchange market, the local unit opened at 83.18 and finally settled at 83.22 (provisional) against the dollar, down by 6 paise from its previous close.

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