Rupee slips 10 paise to 82.80 against dollar
The Hindu
According to the forex traders, a weak greenback against major rivals overseas and fresh foreign fund inflows supported the domestic unit and capped the losses
The rupee declined 10 paise to settle at 82.80 (provisional) against the U.S. dollar on Wednesday as a massive sell-off in domestic equities and risk aversion in global markets dented investor sentiment.
However, a weak greenback against major rivals overseas and fresh foreign fund inflows supported the domestic unit and capped the losses, forex traders said.
At the interbank forex market, the local unit opened weak at 82.76 against the greenback and witnessed an intra-day high of 82.66 and a low of 82.83.
It finally ended at 82.80, a decline of 10 paise over its previous close of 82.70.
On the domestic equity market front, the BSE Sensex ended 635.05 points or 1.03% lower at 61,067.24, while the broader NSE Nifty fell 186.20 points or 1.01% to 18,199.10.
Brent crude futures, the global oil benchmark, advanced 0.90% to $80.71 per barrel.
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09% to 104.06.
The Opposition Congress demanded that the government open the Gandhi Vatika Museum, depicting Mahatma Gandhi’s legacy and freedom struggle, built at a cost of ₹85 crore in Jaipur’s Central Park last year, during the Congress-led regime in Rajasthan. The museum has not been opened to the public, reportedly because of the administration’s engagements with the State Assembly and Lok Sabha elections.
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.