Rupee tumbles 6 paise to close at 73.02 against U.S. dollar


The local unit finally settled at 73.02, registering a fall of 6 paise over its previous close, even as the domestic equity market settled with significant gains on Budget day

The rupee depreciated by 6 paise to close at 73.02 (provisional) against the U.S. dollar on Monday, tracking a rebound in the American currency overseas.

At the interbank forex market, the domestic unit opened at 72.89 against the U.S. dollar and witnessed an intra-day high of 72.84 and a low of 73.15.

The local unit finally settled at 73.02, registering a fall of 6 paise over its previous close, even as the domestic equity market settled with significant gains on Budget day.

On Friday, the rupee had closed at 72.96 against the American currency.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.21% to 90.78.

On the domestic equity market front, the BSE Sensex ended 2,314.84 points or 5% higher at 48,600.61, while the broader NSE Nifty advanced 646.60 points or 4.74% to 14,281.20.

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth ₹5,930.66 crore on Friday, according to exchange data.

Brent crude futures, the global oil benchmark, advanced 0.84% to $55.50 per barrel.

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