The rupee on December 2 slipped by 8 paise to close at 74.99 (provisional) against the US dollar as investor concerns grew over the impact of the new coronavirus variant on the economy.
At the interbank forex market, the local currency opened at 75.06 and saw intra-day highs of 74.90 and 75.07 lows against the US Dollar.
The local unit finally closed at 74.99, 8 paise lower than its previous close of 74.91.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.01% at 96.03.
Meanwhile, global oil benchmark Brent crude futures rose 2.99% to $70.45 a barrel.
On the domestic equity market front, the BSE Sensex closed 776.50 points or 1.35% higher at 58,461.29, while the broader NSE Nifty jumped 234.75 points or 1.37% to end at 17,401.65.
Foreign institutional investors were net sellers in the capital markets on Wednesday as they sold shares worth Rs 2,765.84 crore, according to exchange data.
On the macro-economic front, India’s merchandise exports rose 26.49% to $29.88 billion in November on better performance by key sectors, while crude oil and gold imports widened the trade deficit to a record high of $23.27 billion.
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