Market Watch: Rupee slips 24 paise to close at 74.10 against USD

The Indian rupee plummeted 24 paise to breach the 74 per U.S. dollar level on Monday as participants turned risk-averse. At the interbank forex market, the domestic unit which opened weak at 74.20 against the American currency, pared some initial losses and finally closed at 74.10, showing a decline of 24 paise against its last close of at  73.86.

The local unit float between up and down an intra-day high of 74.08 and a low of 74.28 against the USD.

Meanwhile, On the domestic equity market front, the BSE Sensex ended 230.01 points or 0.44 percent higher at 52,574.46, while the broader NSE Nifty advanced 63.15 points or 0.4 percent to 15,746.50.

On the Commodity, Brent crude futures, the global oil benchmark, rose 0.16 percent to $73.63 per barrel. Meanwhile, Foreign institutional investors were net buyers in the capital market on Friday as they purchased shares worth Rs2,680.57 crore, as per exchange data.

 

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