Indian rupee: Rupee slips 12 paise to shut at 72.55 in opposition to US greenback

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MUMBAI: The rupee weakened by one other 12 paise to shut at 72.55 (provisional) in opposition to the US greenback on Wednesday, weighed down by a large selloff in home equities and spike in world crude oil costs. In addition to, strengthening American foreign money within the abroad market amid international fund outflows additionally impacted the home unit, foreign exchange sellers mentioned.

On the interbank foreign exchange market, the home unit opened weak at 72.51 in opposition to the US greenback. In the course of the session, it swung between a excessive of 72.51 and a low of 72.69.

The rupee lastly settled at 72.55, registering a fall of 12 paise over its earlier shut.

On Tuesday, the home unit had settled at 72.43 in opposition to the American foreign money.

On the home fairness market entrance, the 30-share BSE benchmark Sensex crashed 871.13 factors to finish at 49,180.31, and the broader NSE Nifty dived 265.35 factors to 14,549.40.

World oil benchmark Brent crude superior 3.08 per cent to USD 62.66 per barrel.

In the meantime, the greenback index, which gauges the buck’s power in opposition to a basket of six currencies, rose 0.13 per cent to 92.46.

International institutional traders had been internet sellers within the capital market on Tuesday as they offered shares value Rs 108.24 crore, as per change information.

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