The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro economic data.
The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro economic data.
A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee.
Dealers said, factors like the dollar's strength against some other currencies overseas and a volatile opening of the equity markets also impacted the domestic currency.
Industrial production slipped to a three-month low of 4.3 per cent in August and retail inflation rose marginally to 3.77 per cent in September, according to the data released by Central Statistics Office Friday.
Friday, the rupee had ended 55 paise higher at 73.57 against the dollar, as global crude prices eased and domestic indices staged a smart rebound.
Foreign institutional investors (FIIs) sold shares to tune of Rs 1,322 crore Friday, provisional data showed.
The benchmark BSE Sensex fell by 70.85 points, or 0.20 per cent, to 34,662.73 in early trade after crossing the key 35,000-mark to hit a high of 35,008.65 at the outset.
At 9:45 AM, Sensex was down by 58.37 (0.17%) to trade at 34,670.02 while Nifty was down by 32.70 (0.31%) to reach at 10,440.60 mark.
Shares of Hindustan Unilever are down around 3 percent even as the firm reported 20 percent jump in Q2 net profit at Rs 1,525 crore. IT giant Infosys were among the top gainers.
Besides HUL, Asian Paints, ICICI Bank and Mahindra and Mahindra were also among the Nifty losers.
On Friday, Sensex had ended 732 points higher at 34,733 while the Nifty had settled at 10,472, up 237 points.
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.
Not helping the mood, oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West after the monarchy warned against threats to punish it over disappearance of a journalist.
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 "Rupee falls 36 paise to 73.93 against dollar in early trade")
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