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Indian rupee depreciates against US dollar

By Religare

The Indian rupee depreciated by 0.05 paise to Rs 64.0550 against the US dollar on Thursday on bouts of dollar selling by banks and exporters in the midst of persistent foreign capital inflows into the domestic equity market. However, a higher opening at the domestic equity market capped losses in the local unit. Indian Rupee is likely to trade lower as markets keenly await Nonfarm payroll data from the US due tomorrow for further cues on rate hike timing. At MCXSX, USDINR for August 2015 contract traded at Rs. 64.0550 per dollar, rupee depreciated by 0.05 paise, after opening at Rs. 64.0800 against the previous closing price of Rs. 64.0250 Rupee declined to Rs. 64.0800 per dollar with a business volume of 376020 lots till the trading. (At 1.10 PM today).


At the Chicago Mercantile Exchange (CME), EURUSD future traded at US$1.0906 per euro (USD depreciated by 0.06 per cent against EUR) and GBPUSD future traded at US$1.5626 per pound (USD depreciated by 0.17 per cent against GBP) (At 1.10 PM today).

S&P CNX NIFTY, at NSE, was trading at 8,571.25, up by 0.04 per cent, after opening at 8,585.80 against the previous closing of 8,567.95. It touched the intra-day high of 8,590.50 till the trading. (At 1.10 PM today).

Story first published: Thursday, August 6, 2015, 23:00 [IST]
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