Rupee slips 6 paise to 76.25 against U.S. dollar

On Wednesday, the rupee plunged 4 paise to close at 76.19 against the US dollar

On Wednesday, the rupee plunged 4 paise to close at 76.19 against the US dollar

The rupee fell 6 paise and closed at 76.25 (provisional) against the US dollar on April 18, tracking the dollar’s strength abroad and raising crude oil prices.

In the interbank foreign exchange market, the rupee opened lower at 76.41 against the US currency, eventually closing at 76.25, down 6 paise from the previous close.

During the trading session, the rupee witnessed an intra-day high of 76.20 and a low of 76.43.

On Wednesday, the rupee plunged 4 paise to close at 76.19 against the US dollar.

The Forex market was closed on Thursday to Mahavir Jayanti and Dr. Babasaheb Ambedkar Jayanti and on Friday because of Good Friday.

Meanwhile, the dollar index, which measures the dollar’s strength against a basket of six currencies, was trading 0.20% higher at 100.70.

The global oil benchmark Brent oil futures fell 0.18% to $111.50 a barrel.

The 30-share BSE Sensex finished 1,172.19 points or 2.01% lower at 57,166.74, while the broader NSE Nifty fell 302.00 points or 1.73% to 17,173.65.

Foreign institutional investors remained net sellers in the capital market on Wednesday as they sold shares worth ₹2,061.04 crore, according to stock market data.

www.thehindu.com

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