Domestic stock market opened deep in the negative territory, tumbling over 1,700 points and eroding investors' wealth by more than Rs 8 lakh crore in less than an hour of start of trade on Thursday
At the interbank forex market, the local unit opened at 74.64 against the greenback and witnessed an intra-day high of 74.54 and a low of 74.73
According to currency dealers, there would be a weakening bias to the rupee as long as global headwinds play out
India's benchmark 10-year bond yield closed at at 6.75%, up 6 basis points from its previous close
Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
Reports suggested that the US and Russia have agreed to hold a summit on the Ukraine standoff, calming jittery investors.
At the interbank forex market, the local unit opened at 75.03 against the greenback and witnessed an intra-day high of 74.60 and a low of 75.05
The rupee declined by 7 paise to close at 75.11 (provisional) against US Dollar on Thursday as geopolitical tensions pushed investors towards safe-haven assets.
Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee.
At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an intra-day high of 74.96 and a low of 75.24
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 96.04.
On Monday, the rupee had slumped by 24 paise to close at an over nine-week low of 75.60
Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee position.
The domestic market remained in the red for the second straight session after witnessing a massive sell-off on Friday
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent higher at 96.21
Forex traders said muted domestic equities and elevated crude oil prices weighed on the local unit.
Forex traders said muted domestic equities, sustained foreign fund outflows and elevated crude oil prices weighed on the local unit
Forex traders said muted domestic equities, sustained foreign fund outflows and elevated crude oil prices weighed on the local unit.
Rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05 against the greenback
At the interbank foreign exchange, the rupee opened at 74.70 against the American dollar, and later witnessed an intra-day high of 74.68 and a low of 74.87 against the greenback