The Indian rupee on Monday plunged by 21 paise to 47.30 against the US dollar in early trade on Monday on fears of capital outflow by foreign funds due to melting stock markets.
At the Interbank Foreign Exchange market (Forex), the domestic currency, which ended 47 paise lower to five-year low of 47.09/10 a dollar on Friday, depreciated by another 21 paise despite selling of dollars by state-run banks to curb fall in rupee value.
The Bombay Stock Exchange benchmark Sensex was down by 340.40 points to 12,185.92 in opening trade.
Similarly, Nifty fell by 119.95 points to 3,698.35.
No comments:
Post a Comment