The rupee slips 15 paise to close at 75.95 against the US dollar

Continued foreign capital outflows and subdued domestic stock markets also impacted market sentiment, forex traders said.

Continued foreign capital outflows and subdued domestic stock markets also impacted market sentiment, forex traders said.

The rupee fell 15 paise to close at 75.95 (tentative) against the US dollar on Thursday, pressured by rising crude oil prices amid the deepening conflict between Russia and Ukraine.

Continued foreign capital outflows and subdued domestic stock markets also impacted market sentiment, forex traders said.

In the interbank FX market, the rupee opened strong at 75.76 against the US dollar but soon turned negative as investors turned to safe havens. During the session, it oscillated between a high of 75.60 and a low of 75.98.

The local unit ended up trading at 75.95 against the dollar, down 15 paise from the previous close.

Meanwhile, the Dollar Index, which gauges the dollar’s strength against a basket of six currencies, traded 0.23% higher to 97.63.

On the domestic stock market front, the 30-stock Sensex ended 366.22 points, or 0.66%, lower at 55,102.68, while the broader NSE Nifty fell 107.90 points, or 0.65%, to 16,498.05.

Global oil benchmark Brent crude futures were up 2.59% to $115.85 a barrel.

Officials from Russia and Ukraine are expected to hold their second round of talks in Belarus on Thursday.

Overseas institutional investors continued their selling spree in Indian markets as they sold ₹4,338.94 crore of shares on a net basis, according to stock market data on Wednesday.

Leave a Reply

Your email address will not be published. Required fields are marked *