Rupee continues to fall, 10 paise and breaks at 81.74 per dollar
Losses were limited due to weakening of the dollar in overseas markets, sources said.
The rupee opened higher at 81.59 at the Interbank Foreign Exchange market. The rupee, after touching a day’s high of 81.52 and a low of 81.78 during the day, finally closed 10 paise lower at 81.74 against the American currency.
The rupee had closed at 81.64 per dollar on Thursday.
“Rupee continued to trade in a narrow range with less volatility in the past few sessions,” said Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services.
For the first time in the last four weeks, the rupee declined weekly due to a weak trend in Asian currencies. The rupee depreciated by 96 paise or 1.18 per cent in the week ended Friday.
Meanwhile, the dollar index, which shows the dollar’s weakness or strength against six major world currencies, declined 0.28 per cent to 106.39.
Global oil benchmark Brent crude futures rose 0.36 per cent to $90.10 a barrel.
At the same time, the 30-share BSE Sensex closed at 61,663.48 points down by 87.12 points.
According to stock market data, Foreign Institutional Investors (FIIs) remained net sellers in the capital market. He sold shares worth Rs 751.20 crore on Friday.
