The Indian rupee continues to stay range bound amid tepid moves in opening trades on Monday as dollar stays flat after retreating well under 100 mark. Rising international crude oil prices are also weighing on rupee although positive local equities could limit downside in the counter. INR opened at Rs 88.64 per dollar and slipped to a low of 88.69 so far during the day. On Friday, rupee slipped 2 paise to 88.65 against the US dollar. The benchmark BSE Sensex hit an intraday low of 82,670.95 amid persistent foreign outflows and a cautious global mood after the release of weak U.S. labor market data. With a bout of short-covering and hopes of progress in India-U.S. trade talks helping spur buying at lower levels, the Sensex eventually ended the session down 94.73 points, or 0.11 percent, at 83,216.28.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
