The rupee slumped 17 paise to 75.22 in opposition to the US greenback in opening commerce on Thursday following losses in home fairness markets amid issues over rising COVID-19 instances.
Besides, international fund outflows additionally weighed on traders’ sentiment, foreign exchange merchants mentioned.
At the interbank international change, the home unit opened sharply decrease at 75.19 in opposition to the greenback, and misplaced additional floor to cite at 75.22, a fall of 17 paise over its earlier shut. In early offers, it touched a low of 75.23.
The rupee on Monday had closed at 75.05 in opposition to the US greenback.
The foreign exchange market was closed on Tuesday and Wednesday on account of ‘Gudi Padwa’ and ‘Babasaheb Ambedkar Jayanti’, respectively.
The variety of new coronavirus instances in India hit a document every day excessive with over 2 lakh infections being reported in a day, whereas the lively instances surpassed the 14-lakh mark, in accordance with the Union Health Ministry knowledge up to date on Thursday.
With the brand new instances, the entire tally of COVID-19 instances within the nation rose to 1,40,74,564.
The 30-share BSE Sensex was buying and selling 269.37 factors or 0.55 per cent decrease at 48,274.69. Similarly, the broader NSE Nifty slipped 68.60 factors or 0.47 per cent to 14,436.20.
Foreign institutional traders (FIIs) remained web sellers within the capital markets, pulling out Rs 730.81 crore on Tuesday, as per provisional knowledge.
The greenback index, which gauges the dollar’s energy in opposition to a basket of six currencies, was buying and selling barely larger by 0.02 per cent to 91.69.
Brent crude futures, the worldwide oil benchmark, edged decrease by 0.01 per cent to USD 66.57 per barrel.
