The Indian rupee declined by 8 paise to end at 72.97 against the American currency on June 9 in its second consecutive day of losses amid a lackluster trend in domestic equities.
At the interbank foreign exchange market, the rupee opened on a negative terrain at 72.90 per USD as against its previous close of 72.89. It hovered in the range of 72.88 to 73.02 per dollar during the day before ending at 72.97. The domestic currency has lost 17 paise in the two trading sessions to June 9. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.09 percent to 89.99.
Meanwhile, Brent crude futures, the global oil benchmark, rose 0.35 percent to USD72.47 per barrel. Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth ₹1,422.71 crore, as per exchange data
Indian share markets Sensex slipped 334 points lower at 51,941.64 while the broader NSE Nifty declined 104.75 points to 15,635.35. All the Nifty sectoral ended today's session in the red, with Nifty Auto, Nifty PSU Bank, and Nifty Realty indexes falling over 1 percent, each