The Indian rupee depreciated by 3 paise to 82.70 against the US dollar amid the dollar’s strength against major rivals and subdued sentiments in global and domestic equity markets. The Indian currency’s fall came despite crude oil trading below USD 75 per barrel and inflows of foreign funds. Forex traders are concerned ahead of the payroll data to be released on Friday though the positive development on the US debt ceiling bill boosted investor sentiment. Meanwhile, the 30-share BSE Sensex declined 0.37%, while the broader NSE Nifty was down 0.41%.
