Rupee Falls 10 Paise To An All-Time Low Of 77.72 In opposition to Us Greenback

The rupee prolonged its losses and slumped 10 paise to shut at a report low of 77.72 (provisional) in opposition to the US greenback on Thursday, weighed down by a unfavourable pattern in home equities and unabated overseas fund outflows.

On the interbank overseas trade market, the rupee opened decrease at 77.72 in opposition to the buck, and at last settled for the day at 77.72, down 10 paise over its earlier shut.

In the course of the buying and selling session, the rupee touched an intra-day low of 77.76 and a excessive of 77.63. On Wednesday, the rupee declined by 18 paise to shut at 77.6?2.

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“Rupee consolidated in a slender vary regardless of sharp sell-off in home and world equities. Greenback additionally retraced from increased ranges after financial quantity launched from the US got here beneath estimates,” stated Gaurang Somaiya, Foreign exchange & Bullion Analyst, Motilal Oswal Monetary Companies.

The greenback index, which gauges the buck’s power in opposition to a basket of six currencies, was buying and selling 0.28 p.c decrease at 103.51.

World oil benchmark Brent crude futures fell 1.87 per cent to USD 107.07 per barrel. The 30-share BSE Sensex ended 1,416.30 factors or 2.61 p.c decrease at 52,792.23, whereas the broader NSE Nifty fell 430.90 factors or 2.65 p.c to 15,809.40.

International institutional traders have been web sellers within the capital market on Wednesday, as they offloaded shares value Rs 1,254.64 crore, as per inventory trade knowledge.

(Edited by : Anand Singha)

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