BW Businessworld
Rupee Tanks 104 Paise To Close At 73.47 Against US Dollar
On the domestic equity market front, the BSE Sensex ended 1939.32 points or 3.80 per cent lower at 49,099.99, while the broader NSE Nifty slumped 568.20 points or 3.76 per cent to 14,529.15.
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The rupee dived 104 paise to settle at 73.47 (provisional) against the US dollar on Friday, following a heavy selloff in domestic equities and strong American currency in the overseas market.
At the interbank forex market, the local unit opened at 72.43 against the greenback, then lost further ground to touch an intra-day low of 73.51.
It finally ended at 73.47 against the American currency, registering a massive fall of 104 paise over its previous close.
Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 893.25 crore on Monday, according to exchange data., , rupee, indian currency, dollar, interbank foreign exchange
Union budget-inspired rally continued, with banks and automakers leading broad-based gains. Major gainers in the Sensex pack were M&M, Bajaj Finserve, Bharti Airtel, Powergrid, Infosys, ICICI Bank, Tech Mahindra, LT, Axis Bank, ONGC, Titan, and TCS, rising upto 7.23 percent.