Persistent overseas capital outflows and elevated world crude oil costs impacted rupee, foreign exchange merchants stated
Persistent overseas capital outflows and elevated world crude oil costs impacted rupee, foreign exchange merchants stated
The rupee slipped 7 paise to shut at ₹77.73 (provisional) towards the U.S. greenback on Tuesday as a large sell-off in home equities and stronger dollar abroad on investor sentiment.
Persistent overseas capital outflows and elevated world crude oil costs additionally impacted rupee, foreign exchange merchants stated.
At the interbank overseas change market, rupee opened at ₹77.72 and witnessed an intra-day excessive of ₹77.69 and a low of ₹77.73 towards the U.S. greenback.
Rupee lastly settled at ₹77.73, down 7 paise over its earlier shut of ₹77.66.
On the home fairness market entrance, the BSE Sensex ended 567.98 factors or 1.02 per cent decrease at 55,107.34, whereas the broader NSE Nifty declined 153.20 factors or 0.92 per cent to 16,416.35.
Meanwhile, the greenback index, which gauges the dollar’s power towards a basket of six currencies, rose 0.22 per cent to 102.67.
Brent crude futures, the worldwide oil benchmark, eased barely by 0.37 per cent to $119.07 per barrel.
Foreign institutional traders had been web sellers within the capital market on Monday as they offloaded shares value ₹2,397.65 crore, as per change knowledge.
Source: www.thehindu.com
