The rupee ends 9 paise down against the greenback at 74.24; Nifty ends in green
By Malvika Gurung
Investing.com — The rupee fell for the second straight session on Monday to 74.24 against the greenback, down 9 paise as factors such as higher oil prices and weak domestic equities weighed on hampered investor sentiment.
The local currency opened at 74.18 against the US dollar in the interbank market on Monday, rising to an intraday high of 74.16 and slipping to a low of 74.36, before ending the session at 74.24, 9 paise less than its last close against the US Dollar.
An analyst at HDFC (NS:) Securities noted weaker economic data, higher bond yields, rising prices and public banks buying dollars on behalf of importers to weigh on the rupee for the second day in a row. .
Meanwhile, other global currency markets remained calm, with the US market remaining closed on Martin Luther King Day.
Additionally, the global benchmark for oil, futures fell 0.33% to $85.78/bbl and WTI futures slid 0.22% to $83.12/bbl.
In the Indian stock market, the benchmarks and all 30 stocks ended up 0.29% and 0.14% respectively, recouping opening losses.
Gains were led by auto and real estate stocks, while banks, IT and financial services and pharmaceutical certificates remained under pressure. Among the sector gauges, ended above 2%, followed by Nifty Realty and , up 1.28% and 0.5%, respectively.