At the interbank forex market, the local unit opened at 79.30 against the greenback. It witnessed an intra-day high of 79.03 and a low of 79.33 during the session.
During the day the local unit witnessed an intra-day high of 79.86 and a low of 79.92 against the American currency.
Crude oil prices trading near USD 100 per barrel level, however, supported the local unit, forex dealers said.
During the session, the rupee touched an all-time low of 79.05 against the American currency.
As crude prices increase, the rupee may further slip down, analysts said.
On Thursday, the rupee had settled at 78.32 against the US dollar.
At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar, then lost ground to quote at 78.29.
Besides, rising global crude prices impacted the domestic unit, forex traders said.
On the domestic equity market front, the 30-share Sensex was trading 550.95 points or 1.03 per cent higher at 53,975.04, while the broader NSE Nifty rose 117.70 points, or 0.74 per cent, to 16,131.15.
On the domestic equity market front, the 30-share Sensex was trading 1,117.08 points or 1.92 per cent lower at 57,035.84 points, while the broader NSE Nifty declined 339.95 points, or 1.96 per cent, to 17,034.80 points.
On the domestic equity market front, the 30-share Sensex was trading more than 658.24 points or 1.11 per cent lower at 58,378.94, while the broader NSE Nifty declined by more than 210.10 points or 1.19 per cent to 17,407.05.
Forex traders said growing concerns over the Omicron variant of the coronavirus and its impact on economic recovery, elevated crude oil prices and a strong greenback overseas weighed on the local unit and kept the appreciation bias limited.
On the domestic equity market front, the 30-share index was trading 49.39 points or 0.08 per cent lower at 58,966.50. Similarly, the broader NSE Nifty was trading 27.35 points or 0.16 per cent down at 17,557.80.
Mumbai: Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against a US dollar during the pre-afternoon hours on Tuesday. Around 11.00 a.m., the rupee plunged to 70.08 to a US dollar. However, soon afterward the Reserve Bank […]
Mumbai: Continuing its rising spree for the sixth straight day, the rupee appreciated by another 29 paise to trade at nearly three-month high of 71.38 against the dollar in opening trade Tuesday on persistent foreign fund inflows.Besides, the dollar’s weakness against some currencies overseas also supported the rupee. The domestic unit opened with strength at […]