Rupee slips 19 paise to close at 74.31 against US dollar

The Indian rupee plummeted 19 paise to close at 74.31 against the Greenback on Monday as a stronger greenback against key rivals and rising crude oil prices weighed on investor sentiment. At the interbank Foreign exchange market, the rupee locally opened at 74.16 and touched an intra-day high and low of 74.13 and 74.41 respectively against the U.S. dollar in day trade. The rupee finally settled at 74.31 a dollar, down 19 paise over its previous close. On Friday, the rupee had settled at 74.12 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 percent lower at 93.93. Meanwhile, Brent crude futures, the global oil benchmark, advanced 0.15 percent to USD 79.40 per barrel.

On the domestic equity market front, the BSE Sensex ended 533.74 points or 0.91 percent higher at 59,299.32, while the broader NSE Nifty advanced 159.20 points or 0.91 percent to 17,691.25.

Meanwhile, foreign institutional investors were net buyers in the capital market on Friday, as they purchased shares worth Rs131.39 crore, as per exchange data.

 

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