Facing Covid headwind, Rupee falls for fifth session

The rupee depreciated by one other 15 paise towards the US greenback to register its fifth loss in a row on Friday, going through headwinds on the financial system entrance because of rising Covid instances. Tumbling to its weakest degree since November 4, 2019, the rupee settled at 74.74 towards the US greenback.
Besides considerations over Covid resurgence, weak home equities and strengthening American foreign money additionally weighed on investor sentiment. Over the final 5 buying and selling days, the home unit has seen depreciation of 161 paise.
On the fairness market entrance, the BSE Sensex ended 154.89 factors, or 0.31 per cent, decrease at 49,591.32, whereas the broader NSE Nifty declined by 38.95 factors, or 0.26 per cent, to 14,834.85.
S&P, Dow at report excessive
The S&P 500 and the Dow hit report highs as economy-linked shares gained on optimism round sturdy US financial progress, as per a Reuters report. At 11:27 a.m. ET, the Dow Jones Industrial Average rose 76.22 factors, or 0.23 per cent, to 33,579.79, and the S&P 500 gained 4.60 factors, or 0.11 per cent, to 4,101.77.