The rupee depreciated 19 paise and closed beneath the 76 per greenback mark on Monday as weak home equities and sustained internation
The rupee depreciated 19 paise and closed beneath the 76 per greenback mark on Monday as weak home equities and sustained international fund outflows weighed on investor sentiment.
Foreign exchange merchants stated danger urge for food has waned amid recent circumstances of COVID-19 globally.
The rupee opened weak at 75.93 on the interbank foreign exchange market. It fell additional and eventually settled for the day at 76.03 in opposition to the US greenback, down 19 paise over its final shut.
It had settled at 75.84 in opposition to the US greenback on Friday.
Through the four-hour buying and selling session, the rupee witnessed an intra-day excessive of 75.93 and a low of 76.15.
In the meantime, the 30-share BSE benchmark Sensex was buying and selling 472.54 factors decrease at 33,308.35 and the broader NSE Nifty fell 130.65 factors to 9,842.25.
Overseas institutional buyers have been internet sellers within the capital market as they offered shares price Rs 1,311.49 crore on Friday, based on provisional alternate knowledge.
Brent crude futures, the worldwide oil benchmark, fell 0.85 per cent to USD 38.40 per barrel.
The greenback index, which gauges the buck’s power in opposition to a basket of six currencies, fell 0.13 per cent to 97.19.
In the meantime, investor sentiment remained fragile amid rising coronavirus circumstances internationally.
India noticed a soar of over 11,000 circumstances for the third consecutive day on Monday, taking the whole variety of infections to over 3.32 lakh, whereas the dying toll rose to 9,520 with 325 extra fatalities, the Well being Ministry stated.
Globally, the variety of circumstances linked to the illness has crossed 79.25 lakh and the dying toll has topped 4.33 lakh.