Rupee Slips Sharply by 13 Paise to 77.67 In opposition to US Greenback in Early Commerce

Mumbai: The rupee slipped 13 paise to 77.67 towards the US greenback in early commerce on Tuesday, weighed down by the surge in crude oil costs. On the interbank international trade, the rupee opened at 77.65 towards the American greenback, then misplaced floor to cite at 77.67, registering a fall of 13 paise from the final shut.

On Monday, the rupee settled at 77.54 towards the US greenback. The rupee opened weaker towards the greenback this Tuesday, monitoring a surge in crude oil costs, stated Sriram Iyer, Senior Analysis Analyst at Reliance Securities.

International oil benchmark Brent crude futures rose 0.91 per cent to USD 122.78 per barrel. Furthermore, Asian and rising market friends had been buying and selling weaker this morning and will weigh on sentiments, he famous.

Traders will await the This autumn GDP and month-to-month fiscal deficit knowledge for additional cues, Iyer stated. In the meantime, the greenback index, which gauges the dollar’s energy towards a basket of six currencies, was buying and selling 0.02 per cent decrease at 101.64.

On the home fairness market entrance, the 30-share Sensex was buying and selling 366.85 factors or 0.66 per cent decrease at 55,558.89, whereas the broader NSE Nifty declined 98.90 factors or 0.59 per cent to 16,562.50. International institutional traders bought shares value Rs 502.08 crore on Monday, as per inventory trade knowledge.

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