The Indian rupee slipped 7 paise to 73.17 against the US dollar in opening trade on Tuesday, tracking a robust American currency within the overseas market and muted trend in domestic equities At the interbank exchange , the rupee opened at 73.12 against the dollar, then fell to 73.17, registering a decline of seven paise from the last close In the previous session, the rupee had settled at 73.10 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.13 percent to 92.15 USDINR occupation alittle range of 73.00 to 73.15 for the past few days with RBI buying USD at the lower end and corporates et al. selling at the opposite end of the curve.
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“Range for the day 72.80 to 73.30. No particular events today and market will move as per the flows and RBI,” said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
Foreign institutional investors were net sellers within the capital market on Monday as they offloaded shares worth Rs 589.36 crore, as per exchange data.
On the domestic equity market front, the 30-share index was trading 243.37 points or 0.42 percent lower at 58,053.54. Similarly, the broader NSE Nifty was trading 79.55 points or 0.46 percent down at 17,298.25.
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