The rupee touched day’s low of 77.76 and high of 77.63.
Highlight
- Rupee breaks 10 paise down at record low of 77.72 against US dollar
- Rupee touches day’s low of 77.76 and high of 77.63
- On Wednesday, the rupee fell by 18 paise to 77.62. was closed on
The rupee extended its losses and closed at a record low of 77.72 (provisional) against the US dollar on Thursday, tracking a negative trend in domestic equities and foreign fund outflows. At the interbank forex market, the rupee opened at 77.72 against the greenback and finally closed at 77.72, down 10 paise over its previous close.
The rupee touched day’s low of 77.76 and high of 77.63 during the trading session. On Wednesday, the rupee had closed 18 paise lower at 77.62. Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services, said, “Rupee consolidated in a narrow range despite sharp selloff in domestic and global equities. The dollar also retreated from higher levels after economic numbers from the US fell below expectations. Went.”
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.28 per cent lower at 103.51. Global oil benchmark Brent crude futures fell 1.87 per cent to $107.07 a barrel. The 30-share BSE Sensex closed 1,416.30 points or 2.61 per cent lower at 52,792.23, while the broader NSE Nifty fell 430.90 points or 2.65 per cent to 15,809.40. Foreign institutional investors were net sellers in the capital markets on Wednesday as they sold shares worth Rs 1,254.64 crore, according to stock exchange data.
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