The Indian rupee slumped 14 paise to 73.16 against the US dollar in opening trade on Monday, as rising crude oil prices and strengthening of the American currency in the overseas market weighed on investor sentiment.
바카라 웹사이트At the interbank forex market, the domestic unit opened at 73.13 against the US dollar, then fell further to 73.16 against the American currency, registering a decline of 14 paise over its previous close.
바카라 웹사이트On Friday, the rupee had settled at 73.02 against the American currency.
바카라 웹사이트Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 92.04.
바카라 웹사이트"Brent crude has firmed over USD 70/barrel, while US 10-year benchmark continues to harden this Monday and could weigh on sentiments," Reliance Securities said in a research note.
바카라 웹사이트Brent crude futures, the global oil benchmark, rose 2 per cent to USD 70.75 per barrel.
바카라 웹사이트However, foreign fund inflows into the equity markets, along with corporate dollar flows could cap depreciation bias, the note added.
바카라 웹사이트On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 544.62 points higher at 50,949.94, and the broader NSE Nifty advanced 159.25 points to 15,097.35.
바카라 웹사이트Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 2,014.16 crore on Friday, according to exchange data.
