Forex traders said the rupee is trading lower on strong dollar and foreign fund outflows over the past few days. On Monday, the rupee had settled 6 paise higher at 82.75 against the dollar. Comments on inflation will be importantly watched and that could provide cues to the rupee, Somaiya added. "Today, focus will be on the trade balance number from the US; better-than-expected data could support the dollar at lower levels. In the domestic equity market, the 30-share BSE Sensex was trading 65.93 points or 0.10 per cent lower at 65,887.55.

Source: The Hindu August 08, 2023 10:59 UTC