The rupee on Monday declined by 23 paise to shut at 73.25 in opposition to the US greenback, extending its losses for the third session in a row as a consequence of rising crude oil costs and strengthening of the American foreign money within the abroad market.
The greenback rose to a three-and-a-half month excessive in opposition to a basket of six currencies globally helped by passage of $1.9 trillion stimulus bundle by the US Senate, optimistic jobs knowledge and rising bond yields.
At the interbank foreign exchange market, the native unit opened at 73.13 in opposition to the dollar and witnessed an intra-day excessive of 73.29 and a low of 72.93.
It lastly ended at 73.25 in opposition to the American foreign money, registering a fall of 23 paise over its earlier closing. The rupee has dropped by 53 paise or 0.73 per cent in three classes to Monday primarily as a consequence of foreign exchange outflows from capital markets as a consequence of rising US bond yields.
The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, superior 0.27 per cent to 92.22.
On the home fairness market entrance, the BSE Sensex ended 35.75 factors or 0.07 per cent greater at 50,441.07, whereas the broader NSE Nifty climbed 18.10 factors or 0.12 per cent to 14,956.20.
