0
0
MUMBAI: Rupees fell 41 Paise to be closed at the lowest point for life that only 79.36 (temporarily) against the US dollar on Tuesday in the middle of a strong greenback abroad and outflow of unrelenting foreign funds.In the Forex Interbank market, the local unit opened 79.04 against Greenback and witnessed the highest intra-day 79.02 and the lowest 79.38.Finally settled at 79.36 (temporarily), down 41 Paise during the previous closure. On Monday, Rupee was closed at 78.95 against the US dollar.The Bloomberg news agency quoted Rupees who settled in ₹ 79.37.
Indian Rupee reached a new lowest record of the US dollar on Tuesday behind the dollar which was stronger and domestic data that was weaker than estimates, said Anuj Choudhary-analis research in Sharekhan by BNP Paribas.India’s merchandise exports in June rose 16.78 percent of the years-to-year to $ 37.94 billion while the trade deficit bubbled to a record of $ 25.63 billion due to an increase in steep in imports of gold and crude oil, according to the initial data of the government Released on Monday on Monday on Monday on Monday on Monday on Monday on Monday. .
“Rupees are expected to trade in a negative tone with a firm tone in the US dollar, high oil prices, and weak global market sentiment,” Choudhary said.Dollars can strengthen the expectation of an increase in aggressive interest rates by the Federal Reserve, said Choudhary, added that the increase in import duties in gold can support the rupees to a certain extent because it can deviate the demand for imports for gold. Rupee can trade in the range of 78.50-80 in the next few sessions.
The dollar index, which measures the power of greenback against a basket of six currencies, rose 0.89 percent to 106.07.Brent Crude Futures, global oil benchmarks, dropped 1.10 percent to $ 112.25 per barrel.In front of the domestic equity market, BSE Sensex ends 100.42 points or 0.19 percent lower at 53,134.35, while NSE nifty is decreasing 24.50 points or 0.15 percent to 15,810.85.Foreign institutional investors remain a clean seller in the capital market on Monday because they reduce shares worth ₹ 2,149.56 Crore, according to exchange data.
Average Rating