Published By: Mohammad Haris
Last Updated: November 20, 2023, 17:45 IST
The rupee declined by 9 paise to settle at its all-time low of 83.35 in opposition to the US greenback on Monday, monitoring a destructive development in home equities. Foreign fund outflows additionally weighed on the native unit, foreign exchange merchants mentioned.
At the interbank international change market, the native unit opened at 83.25 and settled at its lifetime low degree of 83.35 in opposition to the greenback, registering a fall of 9 paise from its earlier shut.
On Friday, the rupee settled at 83.26 in opposition to the American forex. Earlier, the rupee closed at its lowest degree of 83.33 in opposition to the greenback on November 13, this 12 months.
The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, was buying and selling 0.42 per cent decrease at 103.48.
Brent crude futures, the worldwide oil benchmark, rose 0.66 per cent to USD 81.14 per barrel.
On the home fairness market entrance, Sensex fell 139.58 factors or 0.21 per cent to settle at 65,655.15 factors. The Nifty declined 37.80 factors or 0.19 per cent to 19,694.00 factors.
Foreign institutional traders (FIIs) had been web sellers within the capital markets on Friday as they bought shares price Rs 477.76 crore, in accordance to change information.
Meanwhile, India’s foreign exchange kitty decreased by USD 462 million to USD 590.321 billion for the week ended November 10, the Reserve Bank mentioned on Friday.
In the earlier week, the general reserves had elevated by USD 4.672 billion to USD 590.783 billion.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
