Skip to main content

Rupee Slips 9 Paise To 82.05 Against US Dollar Amid Geopolitical Worries

The rupee declined by 9 paise to close at 82.04 (provisional) against the US dollar on Monday amid geopolitical concerns and firming crude oil prices.

Volatility in equity markets and FII outflows also weighed on the market sentiment, analysts said.

After opening lower, the rupee staged a recovery to hit the day's high of 81.94 in morning trade amid early gains in equities and a weaker greenback in the overseas markets.

However, the local currency retreated from early highs amid volatile stock markets and touched a low of 82.05 in afternoon trade at the interbank foreign exchange market.

The rupee closed at the day's low level of 82.05, showing a loss of 9 paise over the previous close of 81.96 against the US dollar.

Analysts said that geopolitical concerns after a short-lived armed rebellion in Russia eroded the appeal of riskier assets.

The dollar index, which gauges the greenback's strength against a basket of six currencies, eased 0.15 per cent to 102.75.

Crude oil price benchmark Brent crude was up 0.53 per cent at USD 74.24 per barrel.

In the domestic equity market, the 30-share BSE Sensex retreated from early highs to close almost flat at 62,970, showing a loss of 9.37 points. The broader Nifty advanced 25.70 points to close at 18,691.20.

Foreign Portfolio Investors (FPIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 344.81 crore, according to exchange data.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



source https://www.ndtv.com/business/rupee-slips-9-paise-to-82-05-against-us-dollar-amid-geopolitical-worries-4153683
Labels:

Comments

Post a Comment

Popular posts from this blog

Beyond The Bronze Age: Exploring The Dawn Of The Crypto Era

Humanity has witnessed enormous technical advancements throughout history that have moved society ahead in remarkable ways. Each epoch, from the invention of agriculture through the Industrial Revolution, has offered new advances that have shaped the history of civilization. You are now standing at the dawn of the Crypto Era, on the verge of yet another transformational era. The bull run then and now But now, the term bull run or bull market is used to describe a situation in which the price of assets or securities, such as cryptocurrency or stocks, rapidly rises. A crypto bull run is similar to what happens in traditional markets. It often denotes the optimistic hopes of investors seeking to profit from the asset's price appreciation, with the goal of generating big returns on their initial investment. During a bull run, there is a general sense of optimism in the market and an expectation of big gains. In the context of the financial markets, the term bull run is metaphorical
Post a Comment
Read more

Beyond The Bronze Age: Exploring The Dawn Of The Crypto Era

Humanity has witnessed enormous technical advancements throughout history that have moved society ahead in remarkable ways. Each epoch, from the invention of agriculture through the Industrial Revolution, has offered new advances that have shaped the history of civilization. You are now standing at the dawn of the Crypto Era, on the verge of yet another transformational era. The bull run then and now But now, the term bull run or bull market is used to describe a situation in which the price of assets or securities, such as cryptocurrency or stocks, rapidly rises. A crypto bull run is similar to what happens in traditional markets. It often denotes the optimistic hopes of investors seeking to profit from the asset's price appreciation, with the goal of generating big returns on their initial investment. During a bull run, there is a general sense of optimism in the market and an expectation of big gains. In the context of the financial markets, the term bull run is metaphorical
Post a Comment
Read more