Rupee falls 31 paise versus the dollar to close at 74.86.
Rupee falls 31 paise versus the dollar to close at 74.86.
Share:

On Tuesday, the rupee fell 31 paise to 74.86 (provisional) against the US dollar as riskier assets fell in value amid rising global concerns.

Foreign capital withdrawals, a lacklustre trend in domestic equities, and higher crude oil prices, according to forex traders, have all weighed on investor mood.
The rupee began at 74.71 versus the dollar in the interbank foreign currency market, but later fell to a low of 74.99 against the greenback. At closure, the local unit was trading at 74.86, down 31 paise from the previous close.

In the meantime, the dollar index, which measures the strength of the greenback against a basket of six currencies, was down 0.04 percent at 96.03. Brent crude prices rose 3.56 percent to $98.79 a barrel, the global benchmark.

On the domestic front, the 30-share Sensex down 382.91 points, or 0.66 percent, to 57,300.68, while the wider NSE Nifty fell 114.45 points, or 0.67 percent, to 17,092.20. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Monday, offloading shares worth Rs.2,261.90 crore.

Sensex falls 383 Points, Nifty below 17,100 amid Ukraine Crisis

Brent crude Oil prices at a 7-yr high after Russia recognises rebel regions in Ukraine

Indian economy growing at 9.2pc, among fastest-growing large economies: Amitabh Kant

Join NewsTrack Whatsapp group
Related News