LIVE TV DownloadNews18 App
News18 English
»
1-min read

Rupee Falls 20 Paise to 71.76 Against Dollar in Early Trade

Foreign funds purchased shares worth Rs 694.97 crore on a net basis, and domestic institutional investors bought shares worth Rs 525.26 crore on Wednesday, provisional data showed.

PTI

Updated:February 7, 2019, 5:04 PM IST
facebookTwittergoogleskypewhatsapp
Loading...
Mumbai: The rupee on Thursday depreciated 20 paise to 71.76 in early trade at the forex market ahead of the Reserve Bank of India's interest rate decision.

The domestic currency has been trading in a narrow range in the last two trading sessions as investors were cautious ahead RBI's Monetary Policy Committee outcome scheduled to be announced later in the day.

Forex traders said positive opening in domestic equities, fresh foreign fund inflows and easing crude prices, however, capped the losses for the domestic unit.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 71.73 then fell further to 71.76 against the US dollar, showing a decline of 20 paise over its previous closing.

On Wednesday, the rupee had settled 1 paise higher at 71.56 against the US dollar.

Foreign funds purchased shares worth Rs 694.97 crore on a net basis, and domestic institutional investors bought shares worth Rs 525.26 crore on Wednesday, provisional data showed.

The global benchmark, brent crude oil was trading at USD 62.46 per barrel, lower by 0.32 per cent.

Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark Sensex, was trading at 37,081.76, up 106.55 points in early trade; and the wide-based Nifty was also trading up by 30.30 points at 11,092.75.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,246.90 1.02
Tech Mahindra 820.65 1.02
TCS 1,914.20 -0.03
Indiabulls Hsg 683.95 6.01
ICICI Bank 351.30 1.77
Company Price Change %Gain
Reliance 1,246.45 0.98
Rel Capital 161.20 11.13
Tech Mahindra 820.40 1.07
Indiabulls Hsg 683.10 5.72
Apollo Hospital 1,157.00 2.23
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 683.95 6.01
Tata Motors 169.70 2.97
Bajaj Finserv 6,169.10 2.84
Vedanta 164.60 2.71
Dr Reddys Labs 2,586.30 2.42
Company Price Change %Gain
Tata Motors 169.70 2.94
Vedanta 164.60 2.78
ONGC 147.00 2.05
Bajaj Finance 2,653.05 2.01
Sun Pharma 429.75 1.79
Top Losers
Company Price Change %Gain
Bharti Infratel 312.55 -1.78
BPCL 335.30 -1.70
Yes Bank 215.15 -1.24
Infosys 733.45 -0.98
Maruti Suzuki 6,801.55 -0.71
Company Price Change %Gain
Yes Bank 215.00 -1.33
Infosys 733.35 -0.91
Maruti Suzuki 6,796.80 -0.76
Coal India 213.70 -0.74
IndusInd Bank 1,471.55 -0.62

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results