Highlights
- The rupee depreciated due to a stronger dollar abroad and unrelenting international fund outflows
- A sell-off in home equities and risk-averse sentiments weighed on the native unit
- At the interbank international trade, the home unit opened weak at 83.05 against the dollar
The rupee depreciated 6 paise to a report low of 83.06 against the US dollar in opening commerce on Thursday due to a stronger dollar abroad and unrelenting international fund outflows.
Besides, a sell-off in home equities and risk-averse sentiments weighed on the native unit, foreign exchange merchants mentioned.
At the interbank international trade, the home unit opened weak at 83.05 against the dollar, then slipped additional to quote 83.06, a fall of 6 paise over its earlier shut. The native foreign money additionally hit a excessive of 83.07 in early offers.
In the earlier session on Wednesday, the rupee plunged 60 paise to finish at 83 against the dollar.
The dollar index, which gauges the dollar’s energy against a basket of six currencies, rose 0.07 per cent to 113.06.
Brent crude futures, the worldwide oil benchmark, slipped 0.17 per cent to USD 92.25 per barrel.
In the home fairness market, the 30-share BSE Sensex was buying and selling 140.09 factors or 0.24 per cent decrease at 58,967.10. Similarly, the broader NSE Nifty fell 43.95 factors or 0.25 per cent to 17,468.30.
Foreign Institutional Investors (FIIs) had been web sellers within the capital markets as they offloaded shares value Rs 453.91 crore on Wednesday, in accordance to trade information.
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