The rupee depreciated by 6 paise to shut at 73.02 (provisional) in opposition to the US greenback on Monday, monitoring a rebound within the American foreign money abroad.
At the interbank foreign exchange market, the home unit opened at 72.89 in opposition to the US greenback and witnessed an intra-day excessive of 72.84 and a low of 73.15.
The native unit lastly settled at 73.02, registering a fall of 6 paise over its earlier shut, even because the home fairness market settled with vital features on Budget day.
On Friday, the rupee had closed at 72.96 in opposition to the American foreign money.
Meanwhile, the greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, rose 0.21 per cent to 90.78.
On the home fairness market entrance, the BSE Sensex ended 2,314.84 factors or 5 per cent greater at 48,600.61, whereas the broader NSE Nifty superior 646.60 factors or 4.74 per cent to 14,281.20.
Foreign institutional buyers (FIIs) have been web sellers within the capital market as they offloaded shares value Rs 5,930.66 crore on Friday, in keeping with alternate knowledge.
Brent crude futures, the worldwide oil benchmark, superior 0.84 per cent to $55.50 per barrel.
The home foreign money is more likely to strengthen 1.three per cent and common 73.5 in opposition to the US greenback within the monetary yr 2022-23 in contrast with a mean degree of 74.Four within the monetary yr 2021-22.