LIVE TV DownloadNews18 App
News18 English
»
1-min read

Rupee Slips 48 Paise to 71.73 Against Dollar in Early Trade

The strengthening of the US dollar against some currencies overseas weighed on the local unit. However, easing crude prices and fresh foreign fund inflows capped the losses for the domestic unit.

PTI

Updated:February 4, 2019, 10:19 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Slips 48 Paise to 71.73 Against Dollar in Early Trade
Image for representation: REUTERS
Loading...
Mumbai: The rupee on Monday depreciated by 48 paise to 71.73 in early trade on the forex market ahead of the Reserve Bank of India's policy review meet and lower opening in domestic equity market.

Forex traders said strengthening of the US dollar against some currencies overseas weighed on the local unit.

However, easing crude prices and fresh foreign fund inflows capped the losses for the domestic unit.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 71.57 then fell further to 71.73 against the US dollar, showing a decline of 48 paise over its previous closing.

On Friday, the rupee had settled 17 paise lower at 71.25 against the US dollar.

Forex traders said sentiments were muted ahead of the next meeting of RBI's Monetary Policy Committee scheduled between 5th and 7th February.

Foreign funds bought shares worth Rs 1,315.89 crore from the capital markets on a net basis on Friday, while domestic institutional investors sold shares worth Rs 5.07 crore, provisional data showed.

The global benchmark, brent crude oil was trading at USD 62.73 per barrel, lower by 0.03 per cent.

Meanwhile, domestic equity market opened on a lower note. The 30-share BSE benchmark Sensex, was trading at 35,368.12, down 101.31 points in early trade. The wide-based Nifty was also trading down by 32.25 points at 10,861.40.
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