Wednesday, Oct 4, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Rupee Falls For Second Day Declines 28 Paise To 72 90 Against Us Dollar

Rupee falls for second day, declines 28 paise to 72.90 against US dollar

On the domestic equity market front, the BSE Sensex ended 2.56 points lower at 51,934.88, while the broader NSE Nifty fell 7.95 points or 0.05 per cent to close at 15,574.85.

By PTI
Published Date - 06:33 PM, Tue - 1 June 21
Rupee falls for second day, declines 28 paise to 72.90 against US dollar
whatsapp facebook twitter telegram

Mumbai: Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities. The rupee opened on a marginally positive note at 72.57 per dollar as against its previous close of 72.62 at the interbank foreign exchange market. It hovered in the range of 72.54 to 72.94 per dollar during the day before ending at 72.90.

The domestic currency has lost 45 paise in the two trading sessions to Tuesday. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.01 per cent to 89.83.

On the domestic equity market front, the BSE Sensex ended 2.56 points lower at 51,934.88, while the broader NSE Nifty fell 7.95 points or 0.05 per cent to close at 15,574.85.

Brent crude futures, the global oil benchmark, rose 2.02 per cent to $70.72 per barrel. Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 2,412.39 crore, as per exchange data.

Sophie Altermatt, Economist, Julius Baer, said, “On the currency front, the shock caused by the second wave appears to have been well digested. The INR has fully recovered from its April losses in May as risk sentiment rose on the back of declining new daily Covid-19 cases.” “The path ahead might be more bumpy as uncertainties around the development of the pandemic situation and the economic recovery could reverse some of the INR strength and keep volatility elevated in the near term. We maintain a Neutral view on the INR.”

Meanwhile, India reported 1,27,510 fresh Covid-19 cases, the lowest in 54 days, while the daily positivity rate dropped to 6.62 per cent, according to the Union Health Ministry data updated on Tuesday.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • Brent crude futures
  • BSE
  • BSE Sensex
  • Dollar

Related News

  • Rupee falls 4 paise to close at 83.24 against US dollar

    Rupee falls 4 paise to close at 83.24 against US dollar

  • Rupee falls 4 paise to 83.24 against US dollar

    Rupee falls 4 paise to 83.24 against US dollar

  • Markets fall in early trade on weak global trends, unabated foreign fund outflows

    Markets fall in early trade on weak global trends, unabated foreign fund outflows

  • Tata Technologies settles shares issuance case with Sebi

    Tata Technologies settles shares issuance case with Sebi

  • DMart’s revenue rises 18.51 pc to Rs 12,307.72 crore in Q2

    DMart’s revenue rises 18.51 pc to Rs 12,307.72 crore in Q2

  • Rupee falls 15 paise to close at 83.21 against US dollar

    Rupee falls 15 paise to close at 83.21 against US dollar

Latest News

  • Editorial: Muzzling the media

    38 mins ago
  • UAE President confers First Class Medal of Independence on Ambassador of Mozambique

    42 mins ago
  • Couple found dead in Meerut hotel

    45 mins ago
  • Delhi govt earns excise revenue of over Rs 3,500 crore in first half of FY 2023-24

    49 mins ago
  • Opinion: Revitalising Make in India

    52 mins ago
  • Man detained over ‘objectionable’ social media post

    55 mins ago
  • New monograph pays homage to iconic writer RK Narayan

    58 mins ago
  • Kerala HC allows leave to life convict to undergo IVF treatment

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam