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Rupee closes at fresh low of 74.07 to USD

  The Indian rupee closed at 74.07 (74.0650) per US dollar, 30 paise weaker than its previous close of 73.77. 

Agencies Reported by: Agencies Mumbai Published on: October 08, 2018 22:47 IST
The Indian rupee closed at 74.07 (74.0650) per US dollar

The Indian rupee closed at 74.07 (74.0650) per US dollar

The Indian rupee ended Monday's session on a fresh closing low of over 74 to a US dollar.

The Indian rupee closed at 74.07 (74.0650) per US dollar, 30 paise weaker than its previous close of 73.77. 

It opened the day's trade at the Inter-Bank Foreign Exchange Market at 73.96 against the greenback.

While the BSE Sensex on Monday dwindled 150 points and NSE Nifty plunged below the 10,300-level in the early trade on unabated foreign fund outflow amid weak Asian cues and the weakness in rupee.

Falling for the fourth straight session, the BSE 30-share barometer fell 169.20 points, or 0.53 per cent, to 34,207.79 after hitting a low of 34,106.24. 

Sectoral indices, led by metal, realty, consumer durables, capital goods, healthcare, auto, FMCG, power and teck, were trading in the negative terrain, falling up to 3.38 per cent.

Foreign funds sold shares worth a net of Rs 3,370.14 crore, while domestic institutional investors bought equities worth Rs 1,902.07 crore Friday, provisional data showed.

Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital market in the last four trading sessions.

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