rupee: Rupee nearly flat in opposition to US greenback in early commerce

Within the earlier session, the rupee had settled at 77.55 in opposition to the American foreign money.

The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, was buying and selling 0.19 per cent larger at 102.27.

On the home fairness market entrance, the 30-share Sensex was buying and selling 59.07 factors or 0.11 per cent decrease at 54,229.54 factors whereas the broader NSE Nifty slipped 28.15 factors or 0.17 per cent to 16,186.55 factors.

International oil benchmark Brent crude futures slipped 0.61 per cent to USD 112.73 per barrel.

International institutional traders remained internet sellers within the capital market on Monday as they offloaded shares value Rs 1,951.17 crore, as per inventory trade knowledge.

On Monday, RBI Governor Shaktikanta Das hinted at one other rate of interest hike in early June to convey down the stubbornly excessive inflation price.

The following assembly of the Financial Coverage Committee (MPC) is scheduled for June 6-8.