The rupee pared preliminary positive factors to settle simply 1 paisa greater at 78.09 (provisional) in opposition to the US greenback on Friday, June 17, amid a muted development in home equities and unabated overseas capital outflows.
According to foreign exchange sellers, a robust greenback abroad and better crude costs saved the home unit underneath strain. At the interbank foreign exchange market, the rupee opened robust at 78.03 in opposition to the dollar and witnessed an intra-day excessive of 78.02 and a low of 78.09. It lastly ended at 78.09, registering a acquire of 1 paisa over its earlier shut of 78.10.
The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, climbed 0.71 per cent to 104.37. Brent crude futures, the worldwide oil benchmark, spurted 0.96 per cent to USD 120.96 per barrel.
On the home fairness market entrance, the BSE Sensex ended 135.37 factors or 0.26 p.c decrease at 51,360.42, whereas the broader NSE Nifty fell 67.10 factors or 0.44 p.c to fifteen,293.50.
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Foreign institutional buyers have been internet sellers within the capital market on Thursday as they offloaded shares price Rs. 3,257.65 crore, as per change information
