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Rupee slips by 14 paise to 75.04 against US dollar

Rupee slips by 14 paise to 75.04 against US dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 93.53.

Rupee slips to 75.04 against US dollar Rupee slips to 75.04 against US dollar

At the interbank foreign exchange, the rupee opened on a weak note at 74.98, then fell further to 75.04, registering a decline of 14 paise from the last close.

On Friday, the rupee had closed at 74.90 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 93.53.

Global oil benchmark Brent crude futures advanced 0.80 per cent to $86.21 per barrel.

Moreover, foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 2,697.70 crore, as per exchange data.

On the domestic equity market front, the 30-share Sensex was trading 229.08 points or 0.38 percent lower at 60,592.54, while the broader NSE Nifty was trading 98.55 points or 0.54 per cent lower at 18,016.35.

Published on: Oct 25, 2021, 2:12 PM IST
Posted by: Tarab Zaidi, Oct 25, 2021, 2:04 PM IST