In the interbank forex market, the local unit opened weak against the greenback at 79.55 and saw intra-day highs of 79.53 and 79.66 low.
In the interbank forex market, the local unit opened weak against the greenback at 79.55 and saw intra-day highs of 79.53 and 79.66 low.
Rupee closed 15 paise lower at 79.60 (provisional) against the US dollar on July 12, 2022 as a strong greenback overseas and weakness in domestic equities dented investor sentiments. Weighing continued.
In the interbank forex market, the local unit opened weak against the greenback at 79.55 and saw intra-day highs of 79.53 and 79.66 low.
It finally closed at 79.60 (provisional), 15 paise lower than its previous close of 79.45.
The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.48% to 108.54.
On the domestic equity market front, the BSE Sensex closed 508.62 points or 0.94% lower at 53,886.61, while the broader NSE Nifty ended 157.70 points or 0.97% lower at 16,058.30.
Global oil benchmark Brent crude futures fell 2.27% to $104.67 a barrel.
Foreign institutional investors were net sellers in the capital markets on Monday as they sold shares worth 170.51 crore, according to exchange data.