Due to rising crude oil prices and deepening tensions between Russia and Ukraine, the Indian rupee fell 2 paise to 75.35 against the US dollar on Monday.
Forex traders said that sustained foreign capital outflows weighed on market mood. The rupee opened weak versus the dollar at 75.73 on the interbank foreign exchange market. However, it regained most of its losses by 3.30 p.m., when it quoted at 75.35, down 2 paise from the previous closing.
The dollar index, which measures the strength of the greenback against a basket of six currencies, was up 0.46 percent at 97.06. Brent crude futures rose 5.46 percent to USD103.28 a barrel as a result of the conflict in Ukraine.
On Indian share market front, The 30-share Sensex jumped 388.76 points, or 0.70 percent, to 56,247.28, while the wider NSE Nifty rose 135.50 points, or 0.81 percent, to 16,793.90. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Friday, offloading shares worth Rs 4,470.70 crore.
Market Closing: Sensex Climbs 389-pts, Nifty Settles Near 16,800
