India News | Rupee Skids 13 Paise to 73.51 Against US Dollar in Early Trade
Get latest articles and stories on India at LatestLY. The rupee depreciated 13 paise to 73.51 against the US dollar in opening trade on Tuesday tracking muted domestic equities.
Mumbai, Sep 22 (PTI) The rupee depreciated 13 paise to 73.51 against the US dollar in opening trade on Tuesday tracking muted domestic equities.
At the interbank forex market, the rupee opened on a weak note at 73.50, then fell further to 73.51, registering a fall of 13 paise over its last close.
The rupee strengthened by 7 paise to close at 73.38 against the US dollar on Monday.
"Most of the Asian currencies have started marginally weak this Monday and could weigh on sentiments," Reliance Securities said in a research note.
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Markets could also track weakness in the equities. Most Asian equities have started on a negative note on global risk aversion, it added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 93.52.
On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 290.04 points lower at 37,744.10 and broader NSE Nifty slipped 95.10 points to 11,155.45.
Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 539.81 crore on Monday, according to provisional exchange data.
Brent crude futures, the global oil benchmark, rose 0.46 per cent to USD 41.63 per barrel.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)