Rupee falls for 5th straight session settles 9 paise down at 7423USD
Mumbai Sep 30 PTI The rupee declined by 9 paise to end at 7423 provisional against the US currency on Thursday marking its fifth straight session of fall amid risk averse sentiments and foreign fund outflows At the interbank foreign exchange market the rupee opened on a negative note at 7428 per dollar as against its previous close of 7414 It hovered in the range of 7418 to 7436 per dollar during the day before ending at 7423 against the American currency The domestic unit has lost 59 paise in the last five trading sessions The Indian rupee depreciated for the fifth day in row amid risk averse sentiments and foreign fund outflows Markets started pricing rollback of pandemic-related easing as growth recovers and inflation expectations stay high said Dilip Parmar Research Analyst HDFC Securities Parmar further said that the rupee stayed calmer on Thursday compared to the prior three days as participants are cautious ahead of the release of month-end economic data Trend seems to be bearish for the local unit following safe haven dollar demand and risk-averse tone he noted Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 005 per cent to 9429 On the domestic equity market front the BSE Sensex ended 28691 points or 048 per cent lower at 5912636 while the broader NSE Nifty declined 9315 points or 053 per cent to close at 1761815 Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 189602 crore as per exchange data PTI DRR MKJ
Mumbai Sep 30 PTI The rupee declined by 9 paise to end at 7423 provisional against the US currency on Thursday marking its fifth straight session of fall amid risk averse sentiments and foreign fund outflows At the interbank foreign exchange market the rupee opened on a negative note at 7428 per dollar as against its previous close of 7414 It hovered in the range of 7418 to 7436 per dollar during the day before ending at 7423 against the American currency The domestic unit has lost 59 paise in the last five trading sessions The Indian rupee depreciated for the fifth day in row amid risk averse sentiments and foreign fund outflows Markets started pricing rollback of pandemic-related easing as growth recovers and inflation expectations stay high said Dilip Parmar Research Analyst HDFC Securities Parmar further said that the rupee stayed calmer on Thursday compared to the prior three days as participants are cautious ahead of the release of month-end economic data Trend seems to be bearish for the local unit following safe haven dollar demand and risk-averse tone he noted Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 005 per cent to 9429 On the domestic equity market front the BSE Sensex ended 28691 points or 048 per cent lower at 5912636 while the broader NSE Nifty declined 9315 points or 053 per cent to close at 1761815 Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 189602 crore as per exchange data PTI DRR MKJ
