Rupee slips 6 paise to 73.42 against US dollar in early trade

The rupee depreciated 6 paise to 73.42 towards the US greenback in opening commerce on Friday as foreign exchange market sentiment remained subdued amid considerations over resurgence in coronavirus instances in lots of components globally.

Analysts stated rising COVID-19 instances in eurozone and recent spherical of lockdown in lots of international locations weighed on buyers sentiment.

On Thursday, the native forex settled at 73.36 towards the buck.

In the meantime, the greenback index, which gauges the buck’s energy towards a basket of six currencies, fell zero.05 per cent to 93.81.

On the home fairness market entrance, the BSE benchmark Sensex was buying and selling 160.58 factors greater at 39,888.99, and the broader NSE Nifty rose 45.75 factors to 11,726.10.

International institutional buyers have been internet sellers within the capital market as they offloaded shares price Rs 604.07 crore on a internet foundation on Thursday, in keeping with change information.

Brent crude futures, the worldwide oil benchmark, fell 1 per cent to USD 42.73 per barrel.(Solely the headline and film of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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