The Indian rupee depreciated by 16 paise to 74.68 against the US dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar.<\/p>\n\n\n\n
Further, unabated foreign fund outflows weighed on investor sentiment, traders said.<\/p>\n\n\n\n
At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close.<\/p>\n\n\n\n
On Thursday, the rupee had closed at 74.52 against the US dollar.<\/p>\n\n\n\n
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell by 0.05 per cent to 96.72.<\/p>\n\n\n\n
Meanwhile, global oil benchmark Brent crude futures declined 2.26 per cent to USD 80.36 per barrel.<\/p>\n\n\n\n
Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 2,300.65 crore, as per exchange data.<\/p>\n\n\n\n
On the domestic equity market front, the 30-share Sensex was trading 1201.47 points or 2.04 per cent lower at 57,593.62, while the broader NSE Nifty declined 360.90 points or 2.06 per cent to 17,175.35.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
The Indian rupee depreciated by 16 paise to 74.68 against the US dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar. Further, unabated foreign fund outflows weighed on investor sentiment, traders said. At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close. On Thursday, the rupee had closed at 74.52 against the US dollar. The dollar index,…<\/p>\n","protected":false},"author":1,"featured_media":32086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/32085"}],"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=32085"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/32085\/revisions"}],"predecessor-version":[{"id":32087,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/32085\/revisions\/32087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/32086"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}