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Rupee depreciates 60 paise vs dollar

Rupee depreciates 60 paise vs dollar

Rupee depreciates 60 paise vs dollar
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By Sangam Singh  Nov 14, 2022 11:04:56 AM IST (Updated)

On Monday, India's domestic currency fell 60 paise from the opening level of 80.52 and is back above 81 against US dollar.

India's domestic currency fell 60 paise from the opening level of 80.52 and is back above 81 against US dollar on Monday amid rising greenback and global crude oil benchmarks.

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The dollar index — which measures the American currency against the yen, the pound, the Canadian dollar, the Swedish krona, the Swiss franc and the euro — rose 0.6 percent at 106.8 at the last count.

Crude oil prices rose on Monday as China eased some of its strict COVID-19 protocols, fuelling hopes of demand recovery from the world's top crude importer. Brent crude futures advanced 0.4 percent at $96.4 per barrel at the last count. WTI futures were up 0.3 percent at $89.3 per barrel.
Indian equity benchmarks BSE Sensex and NSE Nifty50 started the week near flatline tracking largely positive moves across global markets after US inflation data released last week.
 
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