15.4 C
New York
Monday, December 11, 2023

Rupee depreciates 66 paise to 81.57 against US dollar in early trade


The rupee depreciated 66 paise to 81.57 against the in early trade on Wednesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.

At the interbank foreign exchange, the domestic unit opened at 81.41 against the dollar, then lost ground to quote at 81.57, registering a loss of 66 paise over its previous close.

On Tuesday, the rupee appreciated 37 paise to close at 80.91 against the .

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.17 per cent to 106.58.

Brent crude futures, the global oil benchmark, fell 0.36 per cent to USD 93.52 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 72.09 points or 0.12 per cent down at 61,800.90, and the broader NSE Nifty was trading lower by 24.60 points or 0.13 per cent to 18,378.80.

Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 221.32 crore on Tuesday, according to exchange data.

On the domestic macroeconomic front, India’s exports entered negative territory after a gap of about two years, declining sharply by 16.65 per cent to USD 29.78 billion in October. Trade deficit widened to USD 26.91 billion, according to data released by the commerce ministry on Tuesday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Source link

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles