Rupee Tumbles 20 Paise To 74.77 Against US Dollar In Early Trade


The rupee opened at 74.73 towards the greenback, then fell additional to 74.77, registering a fall of 20 paise over its earlier shut.

The Indian rupee depreciated 20 paise to 74.77 towards the US greenback in opening commerce on Monday as agency American forex and weak home equities weighed on investor sentiment.

At the interbank overseas trade, the rupee opened at 74.73 towards the greenback, then fell additional to 74.77, registering a fall of 20 paise over its earlier shut.

On Friday, the rupee had settled at 74.57 towards the US greenback.

The Indian Rupee began on a weaker word this Monday towards the dollar monitoring the energy of the greenback, Reliance Securities mentioned in a analysis word.

Asian currencies have began weak towards the dollar this Monday morning and can weigh on sentiments.

Moreover, the native unit might stay weak, as buyers will flee in direction of the protection of the dollar amid considerations over rising COVID-19 instances globally, the word added.

The greenback index, which gauges the dollar’s energy towards a basket of six currencies, was buying and selling up 0.02 per cent at 92.70.

Global oil benchmark Brent crude futures fell 0.57 per cent to USD 73.17 per barrel.

On the home fairness market entrance, BSE Sensex was buying and selling 345.62 factors or 0.65 per cent decrease at 52,794.44, whereas the broader NSE Nifty declined 92.50 factors or 0.58 per cent to fifteen,830.90.

Foreign institutional buyers have been web sellers within the capital market on Friday as they offloaded shares value Rs 466.30 crore, as per trade information.

(PTI)




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