Rupee Falls By 49 Paise To Rs 81.89 Against US Dollar, Raises Economic Concerns

In closing the market, the rupee fell by 49 paise, to 81.89 against the US dollar. The fall in INR put selling pressure on the domestic equities and a spike in crude oil prices, on October 3. Moreover, a stronger greenback against key rivals and persistent foreign fund outflows impacted the domestic currency.  The constant fall of rupee against USD, close at 82-mark, raises concern for RBI and traders.