The rupee depreciated 7 paise to 79.33 in opposition to the US greenback in early commerce on Monday as a muted pattern in home equities and risk-averse sentiments weighed on the native unit.
Nonetheless, sliding crude costs within the worldwide market restricted the rupee’s fall, in keeping with foreign exchange merchants.
On the interbank international change, the rupee opened weak at 79.30 in opposition to the American greenback and slipped additional to cite at 79.33, a decline of seven paise over its final shut.
In preliminary commerce, the native foreign money witnessed a excessive of 79.24 and a low of 79.35 in opposition to the US greenback.
Within the earlier session, the rupee had closed at an all-time low of 79.26 in opposition to the greenback.
On the home fairness entrance, the 30-share Sensex was buying and selling 265.1 factors or 0.49 per cent decrease at 54,216.74, whereas the broader NSE Nifty slipped 89.80 factors or 0.55 per cent to 16,130.80.
In the meantime, the greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, gained 0.31 per cent to 107.34.
World oil benchmark Brent crude futures declined 0.63 per cent to $106.35 per barrel.
Overseas institutional buyers have been web sellers within the capital market on Friday as they bought shares value Rs 109.31 crore, as per change knowledge.
Overseas buyers proceed to abandon Indian fairness markets and have pulled out over Rs 4,000 crore this month to date amid regular appreciation of the greenback and rising rates of interest within the US.
Nonetheless, the tempo of promoting by international portfolio buyers (FPIs) has been declining over the previous few weeks.