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FIIs were net sellers in the capital market as they offloaded shares worth Rs 5,930.66 crore on Friday.The rupee depreciated by 6 paise to close at 73.02 (provisionary) against the US dollar on Monday, tracking a rebound in the American currency overseas.At the interbank forex market, the domestic system opened at 72.89 against the US dollar and witnessed an intra-day high of 72.84 and a low of 73.15.
The local unit finally settled at 73.02, registering a fall of 6 paise over its previous close, even as the domestic equity market settled with considerable gains on Spending plan day.On Friday, the rupee had closed at 72.96 versus the American currency.Meanwhile, the dollar index, which evaluates the greenback's strength versus a basket of six currencies, increased 0.21 per cent to 90.78.
On the domestic equity market front, the BSE Sensex ended 2,314.84 points or 5 per cent greater at 48,600.61, while the broader NSE Nifty advanced 646.60 points or 4.74 per cent to 14,281.20.
Foreign institutional investors (FIIs) were net sellers in the capital market as they unloaded shares worth Rs 5,930.66 crore on Friday, according to exchange data.Brent crude futures, the worldwide oil standard, advanced 0.84 per cent to $55.50 per barrel.The domestic currency is most likely to enhance 1.3 per cent and typical 73.5 against the US dollar in the fiscal year 2022-23 compared to a typical level of 74.4 in the financial year 2021-22.
Business
Rupee Falls 6 Paise To Close At 73.02 Versus US Dollar
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