The rupee slipped 1 paisa to shut at its contemporary life-time low of 78.34 (provisional) towards US greenback on Monday regardless of a rally within the home fairness markets.
Agency crude oil costs within the worldwide market and unabated overseas capital outflows put stress on the home unit.
Nevertheless, a weak greenback abroad supported the native foreign money, foreign exchange sellers mentioned.
On the interbank foreign exchange market, the native unit opened sharply greater at 78.24 towards the dollar, however paired all of its preliminary good points to settle at 78.34. It witnessed an intra-day excessive of 78.24 and a low of 78.36.
Within the earlier session, the rupee had settled at 78.33 towards the dollar.
On the home fairness market entrance, the BSE Sensex ended 433.30 factors or 0.82 per cent greater at 53,161.28, whereas the broader NSE Nifty rose 132.80 factors or 0.85 per cent to fifteen,832.05.
The greenback index, which measures the dollar’s power towards a basket of six currencies, slipped 0.21 per cent to 103.97.
Brent crude futures, the worldwide oil benchmark, rose 0.32 per cent to $113.48 per barrel.
Overseas institutional traders remained web sellers within the capital market on Friday as they offloaded shares value Rs 2,353.77 crore, as per trade knowledge.
(Apart from the headline, this story has not been edited by IHNS employees and is printed from a syndicated feed.)