The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) in opposition to the US greenback amid combined world fairness market cues and overseas fund outflows.
Merchants stated optimistic sentiments within the home fairness market and weaker greenback, nonetheless, resisted the decline within the Indian foreign money.
On the interbank overseas alternate, the home unit opened decrease at 82.77 in opposition to the greenback. It traded between 82.60 and 82.80 ranges, and settled at 82.77 (provisional) in opposition to the American foreign money, registering a fall of 12 paise in opposition to its earlier shut.
That is the fourth consecutive day of decline within the rupee. On Wednesday, the rupee settled at 82.65 in opposition to the US greenback.
In the meantime, the greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, fell 0.25 per cent to 104.38.
International oil benchmark Brent crude futures rose 1.23 per cent to USD 74.60 per barrel.
On the home fairness market entrance, the 30-share BSE Sensex rose 78.94 factors or 0.14 per cent to 57,634.84 factors whereas the broader NSE Nifty rose 13.45 factors or 0.08 per cent to 16,985.60 factors.
On Thursday, Asian and European shares had been buying and selling on a combined word in opposition to the backdrop of issues over the well being of the worldwide banking system within the wake of financial institution failures within the US and issues at Swiss main Credit score Suisse.
Overseas Institutional Traders (FIIs) remained internet sellers within the home capital market on Wednesday as they offloaded shares price Rs 1,271.25 crore, in response to alternate knowledge.
(Aside from the headline, this story has not been edited by Timesof24 employees and is printed from a syndicated feed.)
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