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Rupee depreciates 3 paise to Rs 72.56 against US dollar in early trade

The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment

Topics
Indian rupee | Rupee vs dollar | Currency

Press Trust of India  |  Mumbai 


rupee
Indian rupee banknotes

The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment.

However, consistent foreign fund inflows and a weak dollar overseas supported the rupee, forex dealer said.

At the interbank forex market, the local unit opened lower at 72.57 against the US dollar, then recovered some ground to quote at 72.56, a decline of 3 paise over its previous close.

On Thursday, the rupee had settled at 72.53 against the American .

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 243.44 points lower at 48,973.08, and the broader NSE Nifty fell 74.30 points to 14,483.55 in early deals.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.05 per cent to 91.81.

The global oil benchmark Brent crude was trading 0.32 per cent higher at USD 63.48 per barrel.

Foreign institutional investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth Rs 1,258.47 crore, as per exchange data.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, March 19 2021. 10:56 IST

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