Global risk aversion weighs down Re

Mumbai: The rupee fell 38 paise to settle at 82.60 against the US dollar on Wednesday on weak domestic equities and elevated crude prices in international markets.

Rupee is trading in a negative note on risk aversion in global markets and weak Asian currencies. There is also downside pressure on the local unit due to foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 82.38 against the dollar and finally ended the day at 82.60, registering a fall of 38 paise from its previous close. During the session, the local unit touched a peak of 82.37 and hit the lowest level of 82.62. On Tuesday, the rupee had settled at 82.22 against the dollar.