The rupee pared initial gains to settle just 1 paisa higher at 78.09 (provisional) against the US dollar on Friday, June 17, amid a muted trend in dom
The rupee pared initial gains to settle just 1 paisa higher at 78.09 (provisional) against the US dollar on Friday, June 17, amid a muted trend in domestic equities and unabated foreign capital outflows.
According to forex dealers, a strong dollar overseas and higher crude prices kept the domestic unit under pressure. At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.09. It finally ended at 78.09, registering a gain of 1 paisa over its previous close of 78.10.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, climbed 0.71 per cent to 104.37. Brent crude futures, the global oil benchmark, spurted 0.96 per cent to USD 120.96 per barrel.
On the domestic equity market front, the BSE Sensex ended 135.37 points or 0.26 percent lower at 51,360.42, while the broader NSE Nifty fell 67.10 points or 0.44 percent to 15,293.50.
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