Rupee falls 2 paise to close at all-time low of 83.10 against US dollar

Mumbai, Aug 17 (PTI) The rupee pared its initial gains and settled for the day lower by 2 paise at an all-time low of 83.10 (provisional) against the US dollar on Thursday, weighed down by a strong greenback overseas and a negative trend in domestic equities.

Forex traders said rupee is likely to trade with a negative bias on risk aversion in global markets and rising US dollar.

At the interbank foreign exchange, the domestic unit opened at 83.10 against the dollar, and it finally ended the day at the same level 83.10 (provisional), registering a fall of 2 paise from its previous close.