Reportedly the rupee settled on a flat note at 75.19 against the US dollar on monday amid high volatility in the domestic equity market. The rupee traded in a narrow range as investors awaited retail inflation data for further cues, forex dealers said. During the four-hour trading session, the domestic unit witnessed an intra-day high of 75.08 and a low of 75.21 against the US dollar.
Perhaps the rupee closed at 75.19 against the US dollar, up by just 1 paisa over its previous close. It had settled at 75.20 against the greenback on Friday. While weak US currency supported the local unit, foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment, traders said. The BSE Sensex settled 99.36 points, or 0.27 per cent, higher at 36,693.69 giving up about gains of 330 points from its intra-day peak. The NSE Nifty closed 34.65 points, or 1.15 per cent, up at 10,802.70.
Foreign institutional investors were net sellers in the capital market as they sold shares worth Rs 1,031 crore on friday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell 1.25 per cent to USD 42.70 per barrel. Meanwhile, the number of cases around the world linked to the disease has crossed 1.29 crore and the death toll has topped 5.69 lakh. In india, the death toll due to COVID-19 rose to 23,174 and the number of infections spiked to 8,78,254, according to the health ministry.
