Thursday 9 December 2021
- Advertisement -
HomeEconomyRupee at 19-mth low; down 30 paise against US dollar

Rupee at 19-mth low; down 30 paise against US dollar

This is the rupee's lowest level against the greenback since 29 November 2016

Mumbai: The rupee plunged by 30 paise to hit a 19-month low of 68.54 against the US dollar in early trade today on strong month-end dollar demand from importers and banks amid sustained foreign outflows. This is the rupee’s lowest level against the greenback since 29 November 2016.

 

The dollar’s strength against some currencies overseas weighed on the local unit but a higher opening of the domestic equity markets capped the losses, traders said.

Foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data issued by the stock exchanges.

Yesterday, the rupee lost 11 paise to end at 68.24 against the US currency.

Meanwhile, the benchmark BSE Sensex rose by 53.85 points, or 0.15%, to 35,543.89 in opening trade today spurred by a fresh spell of buying in select blue-chip stocks like Infosys, TCS, and Sun Pharma amid mixed global cues.

IT, tech, healthcare and indices were in the green, with gains of up to 0.86%. The Nifty added 16.35 points, or 0.15%, at 10,785.50.

Major gainers were TCS, Infosys, Sun Pharma, M&M, RIL, Wipro, HDFC Bank, Asian Paints, Kotak Bank, HDFC Ltd, Tata Motors and Yes Bank, rising by up to 1.625.

DIIs bought shares Rs 238.05 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data.

At other Asian markets, Singapore was up 0.25% and Taiwan 0.12%, while Japan’s Nikkei shed 0.33% in their early deals. Hong Kong’s Hang Seng too fell 0.41%.

0 views

Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Support pro-India journalism by donating

via UPI to surajit.dasgupta@icici or

via PayTM to 9650444033@paytm

via Phone Pe to 9650444033@ibl

via Google Pay to dasgupta.surajit@okicici

This is what our planet looks like from 1.5 billion kilometers away. The Cassini spacecraft captures the Earth as a pale blue dot beneath the rings of Saturn.

Credit: NASA/JPL-Caltech/SSI

Another oft repeated shloka in praise of Kashi is fm Skanda Purana

“The 3 worlds form 1 city of mine, & Kashi is my royal palace therein.”

PM @narendramodi as city’s MP is duty bound to ensure that Mahadev’s Royal palace looks like one & not city of dingy lanes u all glorify!

Read further:

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Now

Columns

[prisna-google-website-translator]
%d bloggers like this: