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| Photo Credit: C. Venkatachalapathy
The rupee declined by 9 paise to shut at 82.04 (provisional) against the U.S. dollar on June 26 amid geopolitical issues and firming crude oil costs.
Volatility in fairness markets and FII outflows additionally weighed available on the market sentiment, analysts mentioned.
After opening decrease, the rupee staged a restoration to hit the day’s excessive of 81.94 in morning commerce amid early beneficial properties in equities and a weaker dollar within the abroad markets.
However, the native foreign money retreated from early highs amid unstable inventory markets and touched a low of 82.05 in afternoon commerce on the interbank overseas change market.
The rupee closed on the day’s low degree of 82.05, exhibiting a lack of 9 paise over the earlier shut of 81.96 against the US dollar.
Analysts mentioned that geopolitical issues after a short-lived armed rise up in Russia eroded the attraction of riskier belongings.
The dollar index, which gauges the dollar’s power against a basket of six currencies, eased 0.15% to 102.75.
Crude oil value benchmark Brent crude was up 0.53% at $74.24 per barrel.
In the home fairness market, the 30-share BSE Sensex retreated from early highs to shut virtually flat at 62,970, exhibiting a lack of 9.37 factors. The broader Nifty superior 25.70 factors to shut at 18,691.20.
Foreign Portfolio Investors (FPIs) have been internet sellers within the capital market on Friday as they offloaded shares price ₹344.81 crore, in accordance to change knowledge.
