In the interbank foreign exchange market, the local currency is 79.90 . but weakly open
In the interbank foreign exchange market, the local currency is 79.90 . but weakly open
The rupee closed flat at 79.84 (provisional) against the US dollar on August 22 amid a strong greenback overseas and heavy selling in equities.
However, lower crude oil prices supported the local unit, forex dealers said.
In the interbank forex market, the local currency opened weak at 79.90 and moved in a range of 79.78 to 79.92 during the session. It finally settled flat at 79.84 against the US Dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.20% to 108.38.
Meanwhile, global oil benchmark Brent crude futures fell 0.81% to $95.94 a barrel.
On the domestic equity market front, the BSE Sensex ended 872.28 points or 1.46% lower at 58,773.87, while the broader NSE Nifty fell 267.75 points or 1.51% to 17,490.70.
Foreign institutional investors (FIIs) remained net buyers in the capital markets as they bought shares worth Rs 1,110.90 crore on Friday, according to provisional data.