Mumbai: The rupee, on Monday, declined by 6 paise to Rs 81.96 against the US dollar during early trade in the middle of sound American currency in opposition to significant rivals overseas.
FII (Foreign Institutional Investors) inflows into local equities and falling crude prices failed to support the Indian currency, analysts stated.
Before falling to 81.96, the rupee at the interbank foreign exchange opened lower at 81.93, hitting the lowest point of 81.98.
Prior to closing the trading sessions on Friday, the rupee settled at 81.90 against the dollar.
Prices of crude oil traded at lower prices as the trade sessions opened on Monday with the benchmark Brent crude lowered by 1.46 per cent to USD 75.49 per barrel.
The dollar index which shows the greenback’s strength in comparison to six currencies, was up by 0.10 per cent at 102.35.
Regarding the domestic equity market, the 30-share BSE Sensex traded at 179.17 pts or 0.28 per cent at 63,563.75. However, the 50-share NSE Nifety hiked by 47.75 pts or 0.25 per cent to 18,873.75
On Friday, FII were net buyers in the capital markets on account of purchasing equities amounting to nRs 794.78 crores, as per the exchange data.
