Rupee falls 9 paise to close at 83.35 against U.S. dollar
The Hindu
Rupee falls 9 paise to settle at lifetime low of 83.35 vs USD; Sensex, Nifty decline; FIIs net sellers; forex kitty down $462 mn to $590.321 bn.
The rupee declined by 9 paise to settle at 83.35 against the U.S. dollar on Monday, tracking a negative trend in domestic equities.
Foreign fund outflows also weighed on the local unit, forex traders said.
At the interbank foreign exchange market, the local unit opened at 83.25 and settled at its lifetime low level of 83.35 against the dollar, registering a fall of 9 paise from its previous close.
On Friday, the rupee settled at 83.26 against the American currency. Earlier, the rupee closed at its lowest level of 83.33 against the dollar on November 13, this year.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.42 per cent lower at 103.48.
Brent crude futures, the global oil benchmark, rose 0.66 per cent to $81.14 per barrel.
On the domestic equity market front, Sensex fell 139.58 points or 0.21 per cent to settle at 65,655.15 points. The Nifty declined 37.80 points or 0.19 per cent to 19,694.00 points.
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