Rupee slumps 10 paise to shut at all-time low of 77.72 towards US greenback

The rupee prolonged its losses and slumped 10 paise to shut at a file low of 77.72 (provisional) towards the US greenback on Thursday, weighed down by a adverse pattern in home equities and unabated international fund outflows.

At the interbank international trade market, the rupee opened decrease at 77.72 towards the dollar, and at last settled for the day at 77.72, down 10 paise over its earlier shut.

During the buying and selling session, the rupee touched an intra-day low of 77.76 and a excessive of 77.63.

On Wednesday, the rupee declined by 18 paise to shut at 77.6?2.

“Rupee consolidated in a narrow range despite sharp sell-off in domestic and global equities. Dollar also retraced from higher levels after economic number released from the US came below estimates,” mentioned Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.

The greenback index, which gauges the dollar’s power towards a basket of six currencies, was buying and selling 0.28 per cent decrease at 103.51.

Global oil benchmark Brent crude futures fell 1.87 per cent to USD 107.07 per barrel.

The 30-share BSE Sensex ended 1,416.30 factors or 2.61 per cent decrease at 52,792.23, whereas the broader NSE Nifty fell 430.90 factors or 2.65 per cent to fifteen,809.40.

Foreign institutional buyers have been internet sellers within the capital market on Wednesday, as they offloaded shares price Rs 1,254.64 crore, as per inventory trade knowledge.