Rupee hits 7 week-low against US dollar in early trade
The rupee traded 47 paise down at 67 against the US dollar in early trade on Friday due to a strong demand for the greenback globally and outflow of foreign institutional investors’ capital.
Benchmark equity indices Sensex and Nifty50 opened in the red, following mixed global cues. The 30-share Sensex traded 243.97 points, or 0.89 per cent, lower at 27,273, while Nifty50 was down 70.70 points, or 0.83 per cent, at 8,455.
Foreign institutional investors (FIIs) were net sellers of stocks in the domestic market on Thursday, as they sold shares worth of Rs 2,044.52 crore with gross purchase and gross sales of Rs 5,175.86 crore and Rs 7,220.38 crore, respectively.
The rupee on Thursday retreated from a two-month high and closed nearly 20 paise down at 66.63 against the US currency.
Meanwhile, the equity market got back its winning ways on Thursday, as the Sensex advanced over 265 points and the Nifty50 reclaimed the key 8,500 level on emergence of a rally in the banking stocks in anticipation of rise in deposits after withdrawal of high value notes and investors coming to terms with the US poll result.
Benchmark equity indices Sensex and Nifty50 opened in the red, following mixed global cues. The 30-share Sensex traded 243.97 points, or 0.89 per cent, lower at 27,273, while Nifty50 was down 70.70 points, or 0.83 per cent, at 8,455.
Foreign institutional investors (FIIs) were net sellers of stocks in the domestic market on Thursday, as they sold shares worth of Rs 2,044.52 crore with gross purchase and gross sales of Rs 5,175.86 crore and Rs 7,220.38 crore, respectively.
The rupee on Thursday retreated from a two-month high and closed nearly 20 paise down at 66.63 against the US currency.
Meanwhile, the equity market got back its winning ways on Thursday, as the Sensex advanced over 265 points and the Nifty50 reclaimed the key 8,500 level on emergence of a rally in the banking stocks in anticipation of rise in deposits after withdrawal of high value notes and investors coming to terms with the US poll result.
Read More - Currency Updates
0 Comments