Representational picture solely.
| Photo Credit: The Hindu
Falling for the second straight session, the Rupee depreciated by seven paise to 82.16 against the U.S. dollar on May 12, as a robust dollar abroad weighed on investor sentiments.
“However, a positive trend in domestic equities and unabated foreign fund inflows cushioned the downslide,” merchants stated.
“Investors were cautious ahead of inflation data due to be released later in the day,” they added.
At the interbank international trade market, the native unit opened weak at 82.11 against the U.S. forex and closed at 82.16 (provisional), registering a fall of seven paise over its earlier shut.
During the session, the Rupee touched its intra-day excessive of 82.09 and a low of 82.23 against the dollar. On Thursday, the Rupee closed at 82.09 against the U.S. forex.
Meanwhile, the dollar index, which gauges the dollar’s power against a basket of six currencies, rose 0.03% to 101.90. Global oil benchmark Brent crude futures slipped 0.07% to $74.93 per barrel.
On the home fairness market entrance, the 30-share BSE Sensex gained 123.38 factors or 0.20% to finish at 62,027.90, and the broader NSE Nifty closed 17.80 factors or 0.10% increased at 18,314.80.
Foreign Institutional Investors (FIIs) had been internet patrons within the capital market on May 11 as they bought shares value ₹837.21 crore, in accordance to trade knowledge.
