Mumbai: The rupee depreciated 5 paise to 74.35 in opposition to the US greenback in opening commerce on Monday, as a large sell-off in home equities and agency American forex abroad weighed on investor sentiment.
Nonetheless, decrease crude costs supported the native unit and restricted the autumn, foreign exchange sellers stated.
On the interbank overseas alternate, the rupee opened weak at 74.36 however edged as much as quote 74.35 in opposition to the American greenback, displaying a fall of 5 paise within the early session.
On Thursday, the rupee had closed at 74.30 in opposition to the US greenback.
Foreign exchange markets have been closed on Friday on the event of Guru Nanak Jayanti’.
On the home fairness market entrance, the 30-share Sensex was buying and selling 641.37 factors or 1.08 per cent decrease at 58,994.64, whereas the broader NSE Nifty declined 179.25 factors or 1.01 per cent to 17,585.55.
The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, gained 0.10 per cent to 96.12.
World oil benchmark Brent crude futures declined 0.19 per cent to USD 78.74 per barrel.
International institutional traders have been internet sellers within the capital market on Thursday, as they offloaded shares price Rs 3,930.62 crore, as per alternate knowledge.