Mumbai: Indian Rupee On Monday, it closed 5 paise down at 74.17 against the US dollar in early trade asian mates Amidst the strength of the US currency in the foreign market.
At the interbank foreign exchange, the rupee opened at 74.16 against the dollar, then fell to 74.17, registering a fall of 5 paise over its previous close.
On Friday, the rupee had closed at 74.12 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.02 per cent higher at 94.05.
On the domestic equity market front, the BSE Sensex was trading 621.28 points or 1.06 per cent higher at 59,386.86, while the broader NSE Nifty It rose 185.80 points, or 1.06 per cent, to 17,717.85.
Meanwhile, foreign institutional investors were net buyers in the capital market on Friday as they bought shares worth Rs 131.39 crore, according to exchange data.
Global oil benchmark Brent crude futures fell 0.32 per cent to $79.03 a barrel.
The Indian rupee opened weak against the dollar on Monday morning, tracking losses in Asian and emerging market currencies due to renewed concerns about China. evergrande Group’s debt woes, said Sriram Iyer, senior research analyst Reliance Securities.
This week the focus will be on Evergrande events and RBI Monetary Policy meeting and the US monthly jobs report, he said.
Iyer said the Monetary Policy Committee of the Reserve Bank of India is expected to keep the key rate unchanged, but it may signal the beginning of an end to its liberal monetary policies.
At the interbank foreign exchange, the rupee opened at 74.16 against the dollar, then fell to 74.17, registering a fall of 5 paise over its previous close.
On Friday, the rupee had closed at 74.12 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.02 per cent higher at 94.05.
On the domestic equity market front, the BSE Sensex was trading 621.28 points or 1.06 per cent higher at 59,386.86, while the broader NSE Nifty It rose 185.80 points, or 1.06 per cent, to 17,717.85.
Meanwhile, foreign institutional investors were net buyers in the capital market on Friday as they bought shares worth Rs 131.39 crore, according to exchange data.
Global oil benchmark Brent crude futures fell 0.32 per cent to $79.03 a barrel.
The Indian rupee opened weak against the dollar on Monday morning, tracking losses in Asian and emerging market currencies due to renewed concerns about China. evergrande Group’s debt woes, said Sriram Iyer, senior research analyst Reliance Securities.
This week the focus will be on Evergrande events and RBI Monetary Policy meeting and the US monthly jobs report, he said.
Iyer said the Monetary Policy Committee of the Reserve Bank of India is expected to keep the key rate unchanged, but it may signal the beginning of an end to its liberal monetary policies.
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