Rupee settles 25 paise lower at 73.63 against US dollar

The rupee depreciated 25 paise and settled at 73.63 (provisional) towards the US greenback on Tuesday amid rise in demand for the American forex from banks and importers. On the interbank foreign exchange market, the rupee began off on a tepid word at 73.63 and at last closed at 73.60 towards the buck, down 25 paise over its earlier shut. The native unit traded in a spread of 73.37 and 73.64 per US greenback throughout the session. On Monday, the rupee had settled at 73.35 towards the US greenback. In the meantime, the greenback index, which gauges the buck’s energy towards a basket of six currencies, rose zero.43 per cent to 93.11. On the home fairness market entrance, the 30-share BSE benchmark Sensex was buying and selling 174.22 factors larger at 38,591.45, and the broader NSE Nifty rose 38.05 factors to 11,393.10. Overseas institutional traders have been internet sellers within the capital market as they bought shares value ₹ 6.93 crore on a internet foundation on Monday, in keeping with change information. Brent crude futures, the worldwide oil benchmark, fell 1.55 per cent to USD 41.36 per barrel.

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