Rupee Slips 4 Paise, Hits All-Time Low of 83.33 Against US Dollar – News18

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Rupee Slips 4 Paise, Hits All-Time Low of 83.33 Against US Dollar – News18


The rupee’s earlier lowest closing stage was recorded at 83.32 versus the greenback on September 18 this 12 months.

At the interbank overseas trade, the rupee opened at 83.28 and plunged to 83.49 towards the buck throughout intra-day

The rupee on Friday slipped 4 paise to settle at its recent all-time low of 83.33 (provisional) towards the US greenback, because of an increase in crude oil costs and outflows in overseas capital.

Investors have been awaiting industrial output and inflation knowledge on the home entrance amid a weak American forex abroad and constructive cues from fairness markets, based on foreign exchange merchants.

At the interbank overseas trade, the rupee opened at 83.28 and plunged to 83.49 towards the buck throughout intra-day. It lastly settled at its document low of 83.33 (provisional) towards the greenback, registering a loss of 4 paise from its earlier shut. Earlier, the forex’s lowest closing stage was recorded at 83.32 versus the greenback on September 18 this 12 months.

On Thursday, the rupee closed at 83.29 towards the American forex. Meanwhile, the greenback index, which gauges the buck’s energy towards a basket of six currencies, was buying and selling decrease by 0.02 per cent at 105.89.

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Brent crude futures, the worldwide oil benchmark, rose 0.81 per cent to USD 80.66 per barrel. On the home fairness market entrance, the BSE Sensex closed 72.48 factors or 0.11 per cent increased at 64,904.68 factors. The broader NSE Nifty superior 30.05 factors or 0.15 per cent to 19,425.35 factors.

Foreign institutional buyers (FIIs) have been web sellers within the capital market on Thursday as they offloaded shares price Rs 1,712.33 crore, based on trade knowledge.

(With Inputs From PTI)



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