The rupee dropped by 44 paise – or 0.60 per cent – to shut at 73.47 in opposition to the US greenback on Thursday. It moved inside a 21-paise vary, between 73.21 and 73.48 in the course of the four-hour session earlier than ending close to its intraday low. Energy within the buck and weak point in home equities continued to place strain on the rupee, say analysts. On the present stage, the rupee has recovered 4.47 per cent from its intraday low of 76.91, registered final month.
Home inventory markets gave up early good points in a uneven session, amid weak point in banking, monetary providers and power shares.
The S&P BSE Sensex index dropped as a lot as 259.73 factors from its intraday excessive to hit 38,976.63 on in afternoon offers, and the broader NSE Nifty 50 benchmark dropped to as little as 11,514.80, receding from an intraday excessive of 11,584.95.
The greenback index – which gauges the buck in opposition to six different currencies – was final seen buying and selling flat, having risen as a lot as 0.24 per cent earlier.
