Rupee Versus Dollar: On March 7, the Indian rupee fell 84 paise to a lifetime low of 77.01 against the US dollar, as investors sought safe haven assets as geopolitical risks heightened due to the Russia-Ukraine conflict.
Exacerbating tensions between Russia and Ukraine, forex traders said, kept crude oil prices high, raising concerns about domestic inflation and widening trade deficits. Investor mood was also weighed down by persistent foreign capital withdrawals and a lacklustre trend in domestic markets.
The rupee opened at 76.85 against the dollar on the interbank foreign exchange market, but lost ground and ended the day at a new low of 77.01, down 84 paise from the previous close. The rupee fell 23 paise on Friday to close at 76.17, its lowest level since December 15, 2021.
In the meantime, the dollar index, which measures the strength of the greenback against a basket of six currencies, was up 0.46 percent at 99.09. Brent crude prices rose 6.55 percent to USD125.85 a barrel, the global benchmark.
The 30-share Sensex fell 1,491.06 points, or 2.74 percent, to 52,842.75, while the wider NSE Nifty fell 382.20 points, or 2.35 percent, to 15,863.15.According to stock exchange data, foreign institutional investors were net sellers in the capital market on Friday, offloading shares worth Rs. 7,631.02 crore.
Heavy Loss on Sensex, Nifty Today amid Ukraine Crisis
