The rupee depreciated 11 paise to 73.68 against the US dollar in opening trade on Thursday tracking muted domestic equities and a rebound in the American currency.<\/p>\n\n\n\n
At the interbank forex market, the domestic unit opened at 73.68 against the US dollar, registering a fall of 11 paise over its previous close.<\/p>\n\n\n\n
On Wednesday, the rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar.<\/p>\n\n\n\n
A rebound of the US dollar, Brexit deal impasse and the Reserve Bank of India’s presence in the market weighed on investor sentiments, Reliance Securities said in a research note.<\/p>\n\n\n\n
On the other hand, dollar inflows into local equities and strong Chinese yuan could keep depreciation bias limited, the note added.<\/p>\n\n\n\n
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.10 per cent to 90.99.<\/p>\n\n\n\n
Traders said the US dollar rebounded against the basket of currencies amid lack of progress over the additional US fiscal stimulus to ease the economic blow from the COVID-19 pandemic.<\/p>\n\n\n\n
On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 315.65 points lower at 45,787.85 and the broader NSE Nifty fell 109.10 points to 13,420.<\/p>\n\n\n\n
Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 3,564.23 crore on a net basis on Wednesday, according to provisional exchange data.<\/p>\n\n\n\n
Brent crude futures, the global oil benchmark, rose 0.47 per cent to USD 49.09 per barrel.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
The rupee depreciated 11 paise to 73.68 against the US dollar in opening trade on Thursday tracking muted domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened at 73.68 against the US dollar, registering a fall of 11 paise over its previous close. On Wednesday, the rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar. A rebound of the US dollar, Brexit deal impasse and the Reserve Bank of India’s presence in the…<\/p>\n","protected":false},"author":1,"featured_media":27635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/28790"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28790"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/28790\/revisions"}],"predecessor-version":[{"id":28795,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/28790\/revisions\/28795"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/27635"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}