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By: PTI|Mumbai |
Published: April 28, 2020 10: 43: 59 am
The rupee had actually settled at 76.25 versus the US dollar on Monday. (Representative image)
The rupee diminished 15 paise to 76.40 against the United States dollar in opening trade on Tuesday, in the middle of enhancing American currency overseas and volatility in domestic equities.
Forex (Click Here For Best Forex Techniques) traders stated the weakness in the rupee was largely due to muted domestic equities and conditioning of the US dollar. Additionally, rising coronavirus cases in the country also weighed on the local unit.
The rupee opened weak at 76.33 at the interbank Forex (Click Here For Best Forex Techniques) market and after that fell even more to 76.40, down 15 paise over its last close.
The rupee had settled at 76.25 against the United States dollar on Monday.
Forex (Click Here For Best Forex Techniques) traders said market participants were worried that the sharp increase in coronavirus cases might weigh on the economy.
In India, the death toll due to COVID-19 increased to 934 and the variety of cases reached 29,435 in the country on Tuesday, according to the Union Health Ministry.
On the other hand, the variety of cases around the world connected to the disease has actually crossed over 30 lakh and the death toll has topped 2 lakh.
Domestic bourses were trading on a muted note with benchmark indices Sensex trading 14.22 points up at 31,75730 and Nifty higher by 4.55 points at 9,28685
Foreign institutional investors stayed net sellers in the capital market, as they offered equity shares worth Rs 916.42 crore on Monday, according to provisionary exchange data.
Brent unrefined futures, the global oil standard, fell 5.05 per cent to USD 18.98 per barrel.
The dollar index, which determines the greenback’s strength versus a basket of 6 currencies, increased by 0.10 per cent to 100.13
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