The rupee plunged 61 paise to decline below the 83-mark for the first time against the US dollar on Wednesday amid unabated foreign capital outflows and a strong dollar in the overseas markets.<\/p>\n
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Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said.<\/p>\n
At the interbank foreign exchange market, the local currency opened strong at 82.32 but later pared gains to settle at an all-time low of 83.01(provisional) against the American currency, down 61 paise over its previous close.<\/p>\n
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In the previous session on Tuesday, the rupee slipped 10 paise to end at 82.40 against the dollar.<\/p>\n
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.31 per cent to 112.48.<\/p>\n
Global oil benchmark Brent crude futures rose 0.82 per cent to USD 90.77 per barrel.<\/p>\n
On the domestic equity market front, the 30-share BSE Sensex gained 146.59 points or 0.25 per cent to end at 59,107.19, while the broader NSE Nifty advanced 25.30 points or 0.14 per cent to 17,512.25.<\/p>\n
Foreign Institutional Investors (FIIs) remained net sellers in the capital markets as they offloaded shares worth Rs 153.40 crore on Tuesday, according to exchange data.<\/p>\n<\/div>\n[ad_2]\n<\/p>\n
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