Rupee ends 24 paise down at 79.80 against US dollar


Mumbai, Sep 2 (IANS): The Indian rupee depreciated 24 paise to close at 79.80 against the US dollar on Friday ending the week on the weak note.

At the interbank foreign exchange market, rupee ended at 79.80, as against 79.56 against the US dollar.

"Rupee traded in mixed range in the week between 79.25-79.95 closing the week on a flat but broadly weak note, as dollar index and FII's selling pressure added resistance to rupee whereas Crude price fall and domestic sector performance along with banks positive momentum gave support to the rupee," said Jateen Trivedi, VP Research Analyst at LKP Securities.

Dollar index, which gauges the the strength of greenback against the basket of six major currencies were at 109.273.

Brent crude oil prices were at $94.25 a barrel by the closing of Indian market hours.

Meanwhile, Sensex ended 36.74 points or 0.06 per cent up at 58,803.33, and Nifty ended 3.35 points or 0.02 per cent down at 17,539.45. Around 1,769 shares have advanced, 1,656 shares declined, and 142 shares remained unchanged.

HDFC, ITC, Larsen and Toubro, HDFC Bank, Axis Bank were gainers on the BSE. BSE SmallCap index ended higher, however, BSE MidCap and LargeCap fell.

  

Top Stories


Leave a Comment

Title: Rupee ends 24 paise down at 79.80 against US dollar



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.