Rupee falls 5 paise to close at 82.57 against US dollar

The Indian rupee closed at 82.57 (provisional) against the US dollar, down 5 paise from the previous close, after the Reserve Bank of India kept the key interest rate unchanged. The rupee touched a day high of 82.53 and a low of 82.61 against the dollar. The central bank maintained its GDP growth projections for FY23 at 6.5%, while marginally lowering the retail inflation expectation to 5.1% from 5.2%. The dollar index fell 0.24% to 103.84, while Brent crude futures rose 0.39% to $77.25 per barrel. The 30-share BSE Sensex closed 0.47% lower at 62,848.64 points.