The rupee slipped 36 paise to its all-time low of 78.29 towards the US greenback in early commerce on Monday, monitoring the energy of the American foreign money abroad as traders flocked to the safe-haven foreign money amid an general risk-averse sentiment.
Foreign exchange merchants mentioned weak Asian currencies, a lacklustre pattern in home equities and chronic international capital outflows weighed on investor sentiments.
On the interbank international alternate, the rupee opened at 78.20 towards the American greenback, then misplaced floor to cite at 78.29 — its file low stage, registering a fall of 36 paise from the final shut.
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On Friday, the rupee tumbled 19 paise to shut at a recent lifetime low of 77.93 towards the US greenback.
“Weak world sentiments and weak Asian and European currencies have allowed the rupee to open under 78 after RBI ensured it didn’t cross 77.70. Have to look at the RBI as to the way it behaves within the subsequent few days,” mentioned Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
International oil benchmark Brent crude futures fell 1.46 per cent to USD 120.23 per barrel.
In the meantime, the greenback index, which gauges the dollar’s energy towards a basket of six currencies, was buying and selling 0.30 per cent larger at 104.45.
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On the home fairness market entrance, the 30-share Sensex was buying and selling 1,461.54 factors or 2.69 per cent decrease at 52,841.90, whereas the broader NSE Nifty tanked 418.95 factors or 2.59 per cent to fifteen,782.85.
International institutional traders have been web sellers within the capital market on Friday as they offloaded shares value ₹3,973.95 crore, as per inventory alternate information.