Indian rupee: Rupee falls by 15 paise to 74.23 towards US greenback

MUMBAI: The Indian rupee slumped 15 paise to 74.23 against the US dollar in opening trade on Friday as the US greenback prolonged gains, a day following the US Federal Reserve stunned markets with its hawkish assertion. Foreign exchange traders mentioned muted domestic equities also weighed on investor sentiments.

At the interbank overseas trade, the rupee opened lessen at 74.10 versus the dollar and misplaced more ground to touch 74.23, registering a fall of 15 paise in excess of its former shut.

On Thursday, the rupee experienced settled at 74.08 from the US greenback.

The rupee commenced on a weaker take note this Friday from the greenback as the US greenback extended gains a day following the Fed’s hawkish assertion, Reliance Securities claimed in a study take note.

Further more, Asian currencies have commenced flat to weaker in opposition to the buck this morning and will weigh on sentiments, the observe mentioned incorporating the Reserve Financial institution of India could be present to curb volatility in the marketplaces.

Meanwhile, the greenback index, which gauges the greenback’s strength towards a basket of six currencies, was buying and selling marginally reduced at 91.87 down .02 per cent.

International oil benchmark Brent crude futures fell .77 for every cent to $72.52 for every barrel.

On the domestic equity industry front, BSE Sensex was trading 185.96 factors or .36 for every cent lessen at 52,137.37, though the broader NSE Nifty declined 71.25 factors or .45 for every cent to 15,620.15.

Foreign institutional investors ended up web sellers in the cash industry on Thursday as they offloaded shares truly worth Rs 879.73 crore, as for every exchange data.