[ad_1]
Continued foreign outflows further dampen investor sentiment, currency traders say
file photo
The rupee depreciated by 31 paise to 81.89 per dollar (22.31 to UAE dirham) in early Tuesday trade, dragged down by a rebounding dollar and firmer crude oil prices. Continued foreign capital outflows further dampened investor sentiment, currency traders said.
In the Indian interbank foreign exchange market, the rupee opened weaker at 81.79 per dollar before falling to 81.89, down 31 paise from its last close.
In the previous session on Monday, the rupee closed at 81.58 against the dollar.
Meanwhile, the U.S. dollar index , which measures the greenback’s strength against a basket of six currencies, rose 0.18% to 102.38.
Brent crude futures, the global oil benchmark, rose 0.19% to $84.62 a barrel.
In India, the 30-share BSE Sensex gained 280.06 points, or 0.47%, to 60,373.03. The broader NSE Nifty rose 44.90 points or 0.25% to 17,939.75.
Foreign institutional investors (FIIs) were net sellers in capital markets on Monday, selling shares worth 7.5 billion rupees, exchange data showed.
(according to PTI input)
Also read:
[ad_2]
Source link