INR follows decline in weak stocks | Capital market news

The Indian rupee fell by 11 paise on Friday, returning to its all-time low of 84.09 (provisional) against the US dollar, following weakness in the domestic stock market and continued outflows from FIIs. The 30-share benchmark BSE Sensex ended the session down 230.05 points, or 0.28 percent, at 81,381.36, while the broader NSE Nifty settled at 34 .20 points, or 0.14 percent, down to 24,964.25. At the same time, the situation in the Middle East remains volatile and could keep oil prices high and the rupee weak in the near term. At the interbank exchange rate, the rupee opened at 83.97 against the dollar, 1 paisa higher than the previous day’s close. It touched the day’s high of 83.96 but fell to 84.10 before seeing its all-time low of 84.09 (provisional), 11 paise lower than its previous close.

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