Rupee Closes 21 Paise Lower At 81.38 Against US Dollar


Rupee Closes 21 Paise Lower At 81.38 Against US Dollar

Strong sentiment at home equities market and a weak greenback restricted the autumn of the rupee. (File)

Mumbai:

The rupee fell 21 paise to shut as 81.38 (provisional) towards the US greenback on Monday amid rise in crude costs.

However, sturdy sentiment at home equities market and a weak greenback restricted the autumn of the native forex, foreign exchange merchants stated.

At the interbank overseas trade market, the rupee opened stronger at 80.92 to a greenback towards the earlier shut of 81.17. The native unit moved in a spread of 81.47 to 80.93 throughout the day.

On Friday, the rupee had appreciated by 19 paise to shut at 81.17 towards the US greenback.

Meanwhile, the US greenback index, which gauges the buck’s power towards a basket of six currencies, declined 0.35 per cent to 101.66 amid considerations over US financial progress.

The Brent crude rose 0.26 per cent to USD 87.86 per barrel.

On the home fairness market entrance, the 30-share BSE Sensex rose by 319.90 factors or 0.53 per cent to 60,941.67, whereas the broader NSE Nifty gained 90.90 factors or 0.5 per cent to settle at 18,118.55.

Foreign Institutional Investors (FIIs) had been web sellers within the capital market on Friday as they offered shares value Rs 2,002.25 crore, in response to trade knowledge. 

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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