Rupee falls by 13 paise to close at an all-time low of 78.17 against the US dollar

Author: Nishu June 15, 2022

Rupee falls by 13 paise to close at an all-time low of 78.17 against the US dollar


Global oil benchmark Brent crude futures fell 1.07% to $119.87 a barrel

Global oil benchmark Brent crude futures fell 1.07% to $119.87 a barrel

The rupee on Wednesday fell 13 paise to close at a new all-time low of 78.17 (provisional) against the US dollar, as easing in domestic equities and persistent foreign fund outflow weighed on investor sentiments.

At the interbank forex market, the local currency opened at 77.99 and finally closed at its all-time low of 78.17, down 13 paise from its previous close of 78.04.

Gaurang Somaiya, Forex & Bullion Analyst, Motilal, said, “Expected US central bank may raise rates by 50 bps. Hawkish comments may support the dollar at lower levels. Major crosses remain under pressure after broad gains in dollar.” ” Oswal Financial Services

“We expect USD-INR to trade sideways and bid in the range of 77.70 and 78.40,” Mr. Somaiya said. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.64% to 104.84.

Global oil benchmark Brent crude futures fell 1.07% to $119.87 a barrel.

On the domestic equity market front, the BSE Sensex ended 152.18 points or 0.29% lower at 52,541.39, while the broader NSE Nifty ended 39.95 points or 0.25% lower at 15,692.15.

According to stock exchange data, foreign institutional investors continued their selling by selling shares worth a net ₹4,502.25 crore on Tuesday.

15 June, 2022, 4:27 pm

News Cinema on twitter News Cinema on facebook

Wednesday, 15th June 2022

More Stories
Arizona sues Biden administration over student debt plan, becoming a seventh state to do so
Luxury sprees of Aussie fraudster employees after stealing $350million from employers
Australia SCRAPS mandatory Covid isolation rules in National Cabinet meeting
Father and Teenage Son Are Charged in Killing of Rapper PnB Rock
Hurricane Ian Leaves Behind a Staggering Scale of Wreckage in Florida
NASA May Let Billionaire Astronaut and SpaceX Lift Hubble Telescope
The Queen died at 3:10pm. So, why did it take more than three hours to tell Prince Harry?
Durga Puja 2022: This ‘St. Peter’s Basilica in Kolkata is a masterpiece of pandal
Deni Ute Muster: Brad Paisley, Jessica Mauboy and The Angels headlining Australia’s wildest festival
Judge Overrules Special Master’s Demands to Trump in Document Review
FEMA Chief ‘Adds a Human Touch’ to Disaster Response
Did Your Home Security Camera Document Hurricane Ian?
Fort Myers residents return to their homes under water by Hurricane Ian
PICTURED: Hero EMT, 61, stabbed to death while giving aid to patient
Judge Aileen Cannon rules that Trump does NOT have to vouch for the accuracy of DOJ’s inventory
Victims of Highland Park Shooting Sue Gun Maker and Retailers
Downpours From Ian Prompt Florida Treatment Plants to Release Waste
Inside the mind of Melissa Caddick before she vanished without a trace
Sandy Hook Parents Tie Years of Threats and Vitriol to Alex Jones
Leonard Cole, Who Detailed Secret Army Germ Tests, Dies at 89
Russian Oligarch and Associates Indicted on US Sanctions Charges
Biden administration scales back student debt relief for MILLIONS
Putin signs decree recognizing two Ukrainian regions as independent states after sham referendums
David Gottesman, 96, Wall St. Power and Warren Buffett Partner, Dies
Amazing images show £5m operation to move 2,000 animals away from deadly drought in Zimbabwe
Army Doctor and Spouse Plotted to Give Russia Medical Records, US Says
Spectacular 4-bed apartment in NYC’s iconic Dakota building where John Lennon died listed for $11m
Memphis heiress Eliza Fletcher died of a gunshot wound to the back of her head, autopsy confirms
‘Dead for a Dollar’ Review: How the Western’s Done
PGA Tour Accuses LIV Golf of Interfering With Its Contracts
The Story of ‘Gangsta’s Paradise,’ Coolio’s Biggest Hit
DeSantis, Once a ‘No’ on Storm Aid, Petitions a President He’s Bashed
Ginni Thomas Denies Discussing Election Subversion Efforts With Her Husband
FDA Approves ALS Treatment Despite Questions About Effectiveness
Hurricane Ian Leaves Flooding and Damage Far From the Florida Coast
FDA Approves ALS Treatment Despite Questions About Effectiveness
Dua Lipa, 27, and Trevor Noah, 38, spark romance rumors as they’re seen KISSING after dinner in NYC
Emergency Medical Worker Fatally Stabbed During Call in Queens
House Candidate’s Claims About His Military Record Unravel Further
Floodwaters Sweep Into St. Augustine From a Powerful Storm Surge
Shakira Is Accused of Tax Evasion in Spain. Here’s What We Know.
Two Migrants Shot Along Roadway in Rural Texas