The rupee opened at 82.19, then fell to 82.43 and finally closed for the day at an all-time low of 82.32 against the US dollar.
The rupee opened at 82.19, then fell to 82.43 and finally closed for the day at an all-time low of 82.32 against the US dollar.
The rupee on Friday closed 15 paise lower at 82.32 (provisional) against the US dollar as there was a firm US currency and risk-averse sentiment among investors on the local unit.
Besides, a downside trend in domestic equities and higher crude oil prices dampened investor appetite, forex traders said.
in the interbank forex market, local currency Opened at 82.19, then fell further to 82.43 and finally closed at an all-time low of 82.32 against the US currency, registering a decline of 15 paise over its previous close.
On Thursday, the Indian currency closed below the level of 82 against the greenback for the first time. It closed at a record low of 82.17, down 55 paise against the US currency.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.19% to 112.04.
Global oil benchmark Brent crude futures rose 0.82% to $95.19 a barrel after oil cartel OPEC decided to cut output in view of weak global demand.
On the domestic equity market front, the 30-share BSE Sensex fell 30.81 points, or 0.05%, to 58,191.29, while the broader NSE Nifty fell 17.15 points, or 0.1%, to 17,314.65.
Foreign institutional investors were net buyers in the capital markets on Thursday as they bought shares worth Rs 279.01 crore, according to exchange data.