Finance
The rupee lost 47 paise to settle at 81.80 (provisional) against the US dollar on Monday, weighed down by weak domestic markets and rising crude oil prices.
Forex traders said the local currency’s downside was mitigated by a weak dollar in the international market.
The local unit opened at 81.26 on the interbank foreign exchange market, but lost ground and ended at 81.80, down 47 paise from its previous close.
The local unit recorded an intraday high of 81.25 and a low of 81.82 during the day.
On Friday, the rupee fell 7 paise to 81.33 against the dollar.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.10 percent to 104.44.
Global oil benchmark Brent crude futures rose 1.82 per cent to USD 87.13 per barrel.
The RBI will release its next bi-monthly policy review on December 7, following a three-day meeting of the Monetary Policy Committee (MPC) that began Monday.
According to exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday, purchasing shares worth Rs 214.76 crore.
The 30-share BSE Sensex fell 33.9 points, or 0.05 percent, to end at 62,834.60, while the broader NSE Nifty advanced 4.95 points, or 0.03 percent, to 18,701.05.
Source:FE
