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Rupee falls on sustained capital outflows

By Religare
|

The Indian rupee depreciated by 0.42 paise to Rs 65.9200 against the US dollar on Friday as a result of sustained capital outflows by foreign funds even as the US currency weakened overseas. Besides, strong demand for dollar from importers and banks and a weak domestic equity market also weighed on the local currency. The rupee dropped even as the dollar weakened against other major global currencies overseas amid mounting global economic slowdown worries. At MCXSX, USDINR for August 2015 contract traded at Rs. 65.9200 per dollar, rupee depreciated by 0.42 paise, after opening at Rs. 65.8000 against the previous closing price of Rs. 65.6450. Rupee declined to Rs. 65.9900 per dollar with a business volume of 903962 lots till the trading. (At 12.30 PM today).At the Chicago Mercantile Exchange (CME), EURUSD future traded at US$1.1279 per euro (USD depreciated by 0.40 per cent against EUR) and GBPUSD future traded at US$1.5717 per pound (USD depreciated by 0.17 per cent against GBP) (At 12.30 PM today).

 

S&P CNX NIFTY, at NSE, was trading at 8,262.35, down by 1.32 per cent, after opening at 8,305.40 against the previous closing of 8,372.75. It touched the intra-day low of 8,255.05 till the trading. (At 12.30 PM today).

Story first published: Friday, August 21, 2015, 23:00 [IST]
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