New Delhi. The rupee on Monday declined by 37 paise to close at a nearly 15-month low of 75.36 (provisional) against the US dollar at the interbank foreign exchange market. A firming dollar in overseas markets and rising crude oil prices weighed on investor sentiment, led to the fall in the rupee. For the first time this year, the rupee has closed below Rs 75 per dollar. On Friday, it had closed at Rs 74.99 per dollar. Due to the weakening of the rupee against the dollar, imports into the country will become expensive. The biggest impact of this will be on the prices of petrol, diesel and LPG. The depreciation of the rupee ahead of the festival raises apprehensions on the inflation relief front.
in the interbank foreign exchange market Rupee fall Opened at Rs.75.11 with Rs. During trading, it remained in the range of 75.06 high and 75.39 low and finally despite reaching a record level of domestic stock market, the rupee fell by 37 paise to 75.36 against the closing price of the previous trading session. closed. This is the weakest closing level since July 14, 2020.
Meanwhile, the dollar index, which shows the position of the US dollar against six major currencies, rose 0.23 per cent to 94.28. Global benchmark Brent crude prices rose 2.08 per cent to $84.10 per barrel.
Sensex, Nifty at record highs
Domestic stock markets rose for the third consecutive trading session on Monday and both the indices closed at record highs. The market firmed up mainly in auto, power and bank stocks. The Sensex based on thirty shares had gone to a record level of 60,476.13 during trading at one time. In the end, it closed at a record high of 60,135.78, up 76.72 points, or 0.13 percent. Similarly, the Nifty of the National Stock Exchange closed at a record high of 17,945.95 with a gain of 50.75 points, or 0.28 per cent. During trading, it had gone up to 18,041.95 points.