Rupee falls 22 paise to 7436 against US dollar in early trade
Mumbai Sep 30 PTI The Indian rupee depreciated 22 paise to 7436 against the US dollar in opening trade on Thursday amid a muted trend in domestic equities At the interbank foreign exchange the rupee opened on a weak note at 7428 then fell further to 7436 against the dollar registering a decline of 22 paise from the last close In the previous session on Wednesday the rupee had settled at 7414 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 005 per cent to 9429 As the shortage of certain commodities affect the US the UK and China its effects can be seen on emerging market currencies and to some extent on equities said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors Bhansali further said that the US dollar spiked up by 60 paise in two days and the rupee still looks vulnerable to the vagaries Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 189602 crore as per exchange data On the domestic equity market front the 30-share Sensex was trading 4918 points or 008 per cent lower at 5936409 The broader NSE Nifty was trading 2085 points or 012 per cent down at 1769045 Global oil benchmark Brent crude futures declined 034 per cent to USD 7837 per barrel PTI DRR ANS ANS
Mumbai Sep 30 PTI The Indian rupee depreciated 22 paise to 7436 against the US dollar in opening trade on Thursday amid a muted trend in domestic equities At the interbank foreign exchange the rupee opened on a weak note at 7428 then fell further to 7436 against the dollar registering a decline of 22 paise from the last close In the previous session on Wednesday the rupee had settled at 7414 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 005 per cent to 9429 As the shortage of certain commodities affect the US the UK and China its effects can be seen on emerging market currencies and to some extent on equities said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors Bhansali further said that the US dollar spiked up by 60 paise in two days and the rupee still looks vulnerable to the vagaries Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 189602 crore as per exchange data On the domestic equity market front the 30-share Sensex was trading 4918 points or 008 per cent lower at 5936409 The broader NSE Nifty was trading 2085 points or 012 per cent down at 1769045 Global oil benchmark Brent crude futures declined 034 per cent to USD 7837 per barrel PTI DRR ANS ANS
