Rupee falls 10 paise to 82.35 against US dollar in early trade

The Indian rupee lost footing, opening at 82.29 and dropping to 82.35 against the US dollar. The falling rupee was attributed to the strengthening of the greenback in the foreign exchange market and a negative trend in domestic equities. The dollar index slightly rose to 102.60 while Brent crude futures went up by 0.11%, exerting downward pressure on the rupee. CR Forex Advisors Managing Director Amit Pabari warned that if there is a risk-off sentiment, there might be an increase in the demand for USD, causing other emerging market currencies to weaken.