Finance
The price of crude oil has risen to a new low.
Forex traders said that continued foreign fund outflows weighed on investor sentiment even more.
The term “internal market” refers to the process by which a person or organization buys or sells something.
The domestic currency eventually settled at 81.77, a 19-paise decrease from its previous close.
The dollar index, which measures the strength of the US currency against a basket of six currencies, was 0.19 percent higher at 102.40.
The rupee had settled at 81.58 against the US dollar in the previous session on Monday.
Brent crude futures rose 0.46 percent to USD 84.85 per barrel, the global oil benchmark.
The 30-share BSE Sensex finished 562.75 points or 0.94 percent higher at 60,655.72, while the NSE Nifty gained 158.45 points or 0.89 percent to 18,053.30.
According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday, offloading shares worth Rs 750.59 crore.
Meanwhile, on the domestic front, India’s exports fell 12.2 percent to USD 34.48 billion in December 2022, owing primarily to global headwinds, and the trade deficit increased to USD 23.76 billion.
Imports fell 3.5% last month to USD 58.24 billion, down from USD 60.33 billion the previous year.
In the month of December 2021, exports stood at USD 39.27 billion and the trade deficit was at USD 21.06 billion.
Source:FE
